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: Gord Bolton who wrote (6524)	5/4/2001 9:25:07 AM
From: geoffb_si	Respond to of 7235

Gord: That was my take on the miningweb article. I think (hope) they meant they want to accelerate Phase III, which involves getting to 500k oz production at Messina. Based on the recent news releases, the financing to get to 160k oz/yr seems to be a done deal. I believe the end-user agreement is the final condition that needs to be met, and from what I understand, this is very close to announcement. The company, with its recent financing and announcement in S.A. of increasing their share position in Messina Ltd., are making a strategic move to increase their percentage ownership of Messina. This may also cause some delays closing the financing. VAUGHN: You have some good historical comments about SUF and how that has affected where we are today. Geoff