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

To: Shaw who wrote (6582)	5/30/2001 2:10:28 PM
From: Confluence	Read Replies (2) \| Respond to of 7235

Hullo Shaw, Gemmy et al, Its been a long time since I've posted here, but I'm still a big believer in Southplats (my new name suggestion). I think that we should all drink a cheer to mgmt and the board for acting out the courage of their convictions over the past year. I'm also fully supportive of continuing to provide the BOD with a full quiver of arrows to use as they see fit to enhance shareholder value. Since they have all been large shareholders, I think that our interests are aligned. I also believe that it is naive to think that SUF can properly navigate this exciting time by having to seek shareholder approval for JVs, share issuance, whatever, at each time they MAY want to do a deal. Just think how the other side could use this knowledge against SUF. For example, it is well known that SUF is receiving indications of interest from many senior mining firms right now. Is our collective interest not better served by allowing the BOD the freedom to negotiate in an unfettered manner? I mean, if we don't have faith in the BOD, lets toss them now. It worked a year ago. It is interesting to note, with the stock up about 300% since this time last year, that SUF has undergone greater dilution this past year than at any other comparable time in its history. Perhaps the willingness of the BOD to accept new shareholders, with their bags of cash, is partly/mostly responsible for leaving ALL shareholders in a significantly improved position. I have to disagree with Vaughn (just like the old days before the Marsfontein debacle -- which, in hindsight, could have been quickly resolved 100% in SUF's favour with a small PP to pay off the "heirs") about the very nature of SUF. It has always been the intention of SUF to be global in its exploration/development scope. To deny this is to be unaware of essence of the strengths of SUF, especially Chris Jennings. That we can sit here and criticize the location of the "golden egg" that took years and untold rounds of negotiations to come to fruition is the direct result of the nature of SUF's people assets. That is a good thing. If any shareholder finds this disagreeable or surprising, then might I suggest that they use this recent price strength to profitably exit their position, and I wish them luck in finding another vehicle with similar, dramatic upside. Lastly, three cheers for the excellent use of PRs over the past year. Certainly, SUF has been greatly improved in this area, a direct result of the efforts of at least one new director, Rudi Fronk. I'm pretty sure that he'd get my vote as MVD (Most Valuable Director) too. Best regards, Confluence PS. news from Dow Jones just released. Kinda funny how the analysts have omitted mention that SUF may have several suitors soon emerge.