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

To: gemsearcher who wrote (5885)	4/3/2000 9:55:00 PM
From: Brian MacDonald	Respond to of 7235

Hi gemsearcher, I'm not 'short' but I do read the thread and I do own some SUF. After reading about the 'write-down', however, I wish I didn't. Those with large positions must be kicking (or hanging) themselves. What do you do - average down and maybe lose alot more, or do you take your lick'in and go on tick'in? Reading this report doesn't give much hope to investors. I think it really amounts to poor overall management and although they have a new head, most of the cadaver remains - and they are spread all over hell's half-acre spending money at break-neck speed - with 5 M. for this small participation and $20 M. a whole 51% of another play. Imagine how many excellent junior companies they could have acquired with these monies. So, I really don't understand your point. But if it means that better days lie ahead, I can't wait because all the days up to now have sucked - BIGTIME! Regards,

To: gemsearcher who wrote (5885)	4/4/2000 12:43:00 AM
From: Goalie	Read Replies (2) \| Respond to of 7235

From 4Q report: And I Quote: "General and administrative expenses increased 20 percent in 1999 to $3.0 million from $2.5 million in 1998, primarily because of an increased emphasis on shareholder and investor communications and professional fees incurred in the search and hiring of a new chief executive officer." This is an insult... a half-a-million bucks because of an increased emphasis on shareholder and investor communications....and a fee for the head-hunter???? What emphasis...? What investor communications...? What shareholder communications...? What's the price of a head-hunter firm...? For half a million you can BUY a PR firm...! I bet it paid for a lot of meals, and trips for some people! Shame on those who paid the bills!