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

To: PHILLIP FLOTOW who wrote (5958)	5/10/2000 12:16:00 PM
From: PHILLIP FLOTOW	Respond to of 7235

05/10 11:30A SouthernEra Boosts Messina Ltd. Stake To 70.4% From 54% SouthernEra/Messina -2: Added 2.1M Shrs Acquired TORONTO (Dow Jones)--SouthernEra Resources Ltd. (T.SUF) said it has increased its stake in Messina Ltd. (O.MES) to about 70.4% from 54%, following the acquisition of 2.1 million Messina shares tendered to a standby offer. As reported, SouthernEra completed the acquisition of 54% of Messina in early March for about $10.3 million. In a news release, SouthernEra said the final cost of the acquisition of the additional shares, including brokerage fees, was about $2.8 million. The company said the 2.1 million shares were tendered at 9.28 rand each. SouthernEra said Messina is planning to dewater the Messina shaft and start underground development, test mining and bulk sampling, at an estimated cost of $4.1 million, as soon as it receives all the necessary permits. This work will be financed with cash currently held by Messina, it said. The Messina Platinum Project is in South Africa. SouthernEra is a platinum group metals producer and a diamond mining and exploration company. -Judy McKinnon, Dow Jones Newswires PHIL

To: PHILLIP FLOTOW who wrote (5958)	5/10/2000 1:12:00 PM
From: VAUGHN	Read Replies (3) \| Respond to of 7235

Hello Phillip Thank you. Certainly good news but I believe the market is past caring right now. Management allowed long time loyal shareholders to lose all of their equity. The market has been allowed to wallow in a lack of Messina financing news, and lack of exploration progress news. As a result, it is going to take a great deal of consistent good news and the perception of not only a turn around but also of momentum to get small investors believing again. Case in point. The lack of progress news from Yamba Lake and Brazil is nothing short of ridiculous. There is no perceived belief by the market that management cares one iota for shareholders and without that, you are just another company. Management had the most loyal and committed group of shareholders that any junior ever attracted here in Canada and it has completely squandered that benefit and resource. I find myself longing for the days when it was just CJ, LB and HB flying by the seat of their pants and producing exciting news on almost a bi-weekly basis. You found your self watching the NW just to get the latest chapter in an exciting novel that was unfolding week by week. I appreciate management does not want to squander meager resources on promotion and keeping the purse strings tight in tough times is never a bad idea, but the shareholders need more information than they are getting. There is such a thing as cutting off your nose to spite your face. Sorry if I am sounding downbeat today. I am home with the stomach flue and not feeling terribly chipper. Come on Steve, tell us about the kimberlites you have drilled up here. It doesn't take 9 months to get permits in Brazil and those samples were to have been tested by the end of March. Have a good one Phillip Regards