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

To: MNorth who wrote (838)	4/16/1998 1:06:00 AM
From: DIAMOND JIM	Read Replies (1) \| Respond to of 7235

I suppose 30% drops have a muting effect on what is generally a bullish thread.Well I expect Vaughn and Goalie to be buying at the opening so maybe a slight uptick early but lower for the day to 8.25-8.50 as markets likely to be weak-could see <$8 Fri. This story seems to have no end of negative surprises. Regards DJ

To: MNorth who wrote (838)	4/16/1998 9:21:00 AM
From: Peter Bourgeois	Read Replies (1) \| Respond to of 7235

Hi MNorth! Suf is so undervalued at present that if it does get into the low $8.00 range it will not stay there very long and few shares will trade at that price IMHO. I believe what scared people yesterday is the fact that DeBeers is now on the wrong side and has very large and deep pockets. It also gives some credibility to the claim of the heirs when an established firm like DeBeers takes their side. IMHO I believe that DeBeers is playing both ends against the middle. They hold shares in Suf and now form part of the legal battle to take M1 away from Suf. They will get a share of M1 either way the court case goes. I started buying into Suf before M1 was part of the equation and still believe that in a few years or less with or without M1 we will see prices well over $100 per share IMHO. Cheers !!!! Peter