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

To: Shaw who wrote (6590)	5/30/2001 3:46:30 PM
From: geoffb_si	Respond to of 7235

Hi, Shaw: Ya, good point. I think the run began in Sept 99 and it was done before that(?). Just saw the NR for Messina acquisition, dated 4/14/99. A few other ways that value has been added to Messina in the past 2 years: - Increased reserve/resource from 10M oz PGMs to 16M oz. - Initial feasibility called for production of 160k oz/yr. Recently stated publicly that the goal is to increase production to 600,000 oz/yr in 5 years. - Bulk sample testing revealed that ore processing costs could be reduced, using simpler methodology, reducing capital costs. - Recent API initiative, putting us into limited production a year early. Makes management kudos even more warranted, imo. With PT and PD pretty well doubling, SUF was in the tank and got no pop off it, after the Messina acq. Now with a sound plan, share distribution, tinkering institutional interest and some solid IR, it's flying! Very well done. Either someone was very astute in making the initial purchase of Messina, or very lucky, or both. Geoff

To: Shaw who wrote (6590)	5/30/2001 4:06:15 PM
From: Confluence	Respond to of 7235

Shaw, Well said, Shaw. SUF had a handshake deal for Messina many years back. (A guy named George, who left SUF at exactly the right time way back, did the initial work, with another guy named Kim progressing the project very nicely 'til he got s'canned by the previous BOD). It was quite fortunate for SUF that Implats lived up to its side of the deal, and even better that some of Messina's institutional holders caved in to SUF's acquisition tender. If you can believe it, SUF's former BOD had to be convinced by some of its larger shareholders to proceed with the Messina acquisition. Like Vaughn, they questioned the value of more assets in RSA. Unlike Vaughn, they were quite prepared to piss away the remaining equity in SUF down that hole in Angola. Unbelievable, but true. It is my hope, that as the Messina asset continues to occupy a larger and larger role in SUF's capitalization, that a plan to vend out the diamond assets, a la Diamondex, is developed to allow for a continued focus on global exploration and development. Then we can all be happy. Unless somebody gobbles us up at $10 next week! Confluence

To: Shaw who wrote (6590)	5/31/2001 2:39:06 PM
From: Shaw	Read Replies (1) \| Respond to of 7235

SUF chart for any of you that may be interested in such things. stockcharts.com[m,a]daclyymy[pc20!c50][vc60][iUl14!La12,26,9!Lh14,3] Looks positive to me. A couple of things are interesting, imo. Notice the way it had volume spikes and nice price action but it fizzled?? The last volume spike looks much more sustainable, imo. Also, we bounced off the 20dMA at 2.90 or so which was positive. Seems to me the ADX is positive and rising, as well as the MACD. My best guess is if it can hold the MA on any pullback on some profit taking, it can move fairly quickly to higher levels. The price spikes before this one..... distribution of stock via (mostly) blocks??? If so, way to go on getting it in stronger hands, BOD. All MO. Any comments more than welcome.