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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: gemsearcher who wrote (4694)	10/12/1999 4:50:00 PM
From: teevee	Read Replies (2) \| Respond to of 7235

gemsearcher, It was the PGM property that was a significant contributor to knocking the share price down in the first place. Finalizing the purchase won't help IMO. By the way, in addition to feasibilty study standards, a feasibility study is by definition, only a "bankable" feasilibity study if and after the fact, banks are willing to lend the money for development:-). Given the fact that SUF isn't big enough for non recourse debt financing, and that a property and project isn't normally deemed collateral(from a bankers perspective), Anglo's pgm interests and established banking contacts in and for South Africa, the current perception of SA by capital markets, I currently have my doubts about any sort of debt financing for Messina. Just my opinion. Good luck. regards, teevee