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: VAUGHN who wrote (763)	3/25/1998 6:11:00 PM
From: Canpolo	Read Replies (1) \| Respond to of 7235

At about 2:25 I heard a report on 680 news about a company where their was a dispute with a group of people ((12) the heirs???) and I believe it was Southernera they were talking about. (I didn't get the name right away but thought this company is what I heard. They also said the stock was trading down $0.30 which it was). Anyhow what they said is that a deal with the group was near. Is there any truth to the rumor if in fact it is southernera they were talking about?

To: VAUGHN who wrote (763)	3/25/1998 7:34:00 PM
From: Peter Bourgeois	Read Replies (1) \| Respond to of 7235

Hi Vaughn! Well said!!!! I too have been a fairly long term holder of SUF and have been buying more at these bargain basement prices. Like you I dont believe that these prices will be around much longer. If your valuations come to pass in the next 3 to 5 years (or even come close) I will in all likely-hood buy the Villa next door to Felderhoff in the Cayman Islands. The only difference will be that, I made my money with a legit Company. So make plans to visit me in the Cayman's. P.S. I will let you toy around in my 40ft boat at anchor behind the Villa. Cheers !!! Peter

To: VAUGHN who wrote (763)	3/26/1998 9:33:00 AM
From: Goalie	Respond to of 7235

Hello Vaughn and to ALL: The following news from the Bloomberg wires: ******************************************************************** SOUTHERNERA CLOSE TO SETTLING SOUTH AFRICA DISPUTE, HEIR SAYS Toronto, March 25 (Bloomberg) -- SouthernEra Resources Ltd. is close to settling with a group of heirs that is disputing the company's rights to a South African diamond deposit, according to one of the heirs. Toronto-based SouthernEra has been unable to start mining on the Marsfontein M1 property since the heirs filed to prevent a rights transfer to partner Randgold & Exploration Co., a Johannesburg mining company. At issue is who owns the mining rights to the site, in which SouthernEra has 65 percent stake and Randgold a 35 percent interest. Jacobus Jordaan, an heir, said the group of 29 claimants are "negotiating with SouthernEra and Randgold to finalize the matter and reach a solution in the next day or two." SouthernEra Chief Executive Christopher Jennings said in an interview that it's more likely the sides will come to an agreement "in the next week or so." Jennings is in South Africa. Attorneys for SouthernEra, Randgold and Miliar Investments Pty., a company set up to represent the heirs, met yesterday at Randgold offices, Jennings said. Neither side would say whether they're discussing a cash settlement. Shares of SouthernEra, 16.9 percent-owned by U.K. based Rio Tinto Plc, have lost almost half their value since October, partly because the dispute delayed the start of mining at Marsfontein. SouthernEra shares fell C$.65 (US$.46) to C$11.20 in early aftertoon Toronto trading. Randgold & Exploration fell 20 rand (US$4.02) to 540 in Johannesburg. --Kristen Fogg in the Toronto newsroom (416) 364 7300 ******************************************************************** Well, it looks like the M1 settlement is near -- all seems to indicate a fast-tracking towards a final resolution ...!!!!! Regards to all. Goalie