Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Shaw who wrote (4887)	11/5/1999 11:17:00 AM
From: Andrew	Respond to of 7235

Hi Dean, I do not believe that they are going to the markets for financing. This is the reason for the lack of brokerage support. As far as I know they are negotiating with SA banks. No dilution. I've been wrong before however but this is what I have been told. No buyback means saving precious cash for development. Why give the sellers an easy out. Regards, Andy

To: Shaw who wrote (4887)	11/5/1999 11:26:00 AM
From: russet	Read Replies (1) \| Respond to of 7235

Hi Dean, Word is SUF will not go to the equity markets in Canada. They will use the Messina shell on JSE for equity financing supplemented by balance sheet dollars. Canadian brokers and analysts may be fed up with SUF management,...but it is clear, SUF is fed up with the Canadian stock market, as are a growing number of honest small to large mining companies. Perhaps that's why we are seeing the aggressive and unrelenting selling by Canadian brokerages,...one last kick at the wounded hamster,....bunch of @#!%^*(#@. One day they will run out of shares, and Messina feasibility and financing will be out,...oh yes, financing will be by South African banks. Oops, Hi Andy,...I see you beat me with your answer. Nice to see FM supporting the price,...European interests I've been told,... and maybe some SUF buying there own back. Messina in two weeks, until then, this hamster remains on life support.