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

To: Goalie who wrote (900)	4/21/1998 3:03:00 PM
From: VAUGHN	Read Replies (2) \| Respond to of 7235

Hello Goalie That is always the great dilemma isn't it. You are right of course, but that does not change the fact the shareholders or potential shareholders are making decisions that may adversely affect the share price of the company. Whether this post was in fact from an heir or not, it still raises negative perceptions at a time that the company can ill afford them. SUF need not get drawn into a "tit for tat" exchange, but merely offer their perspective on the facts. To be perfectly honest, when this whole situation started to affect the share values, SUF should have stepped forward with a clear irrefutable analysis of what the M1 claims meant to SUF's plans and bottom line. As these difficulties exacerbated the situation, a detailed blow by blow summary, along the lines of what the "heir" posted, would have put to rest the panic that flared in the void. By taking the high road, SUF took the professional and morally correct action, but that does not change the way shareholders (people) have perceived the situation. Perception is the key. As with politics, you can't just afford to be right or proven right after the fact, you must be perceived to be right. The actionable issue in my mind is the calling into question the stability of the remaining Klipspringer property arrangements, not the comments about Chris. Despite all of this, it would appear that the market is already convinced of SUF's stability as prices are in recovery. How long it will take the market to treat SUF with the same reverence as it garnered last fall is another question? Come on Back Lake!!! From Cannacord's Morning Coffee: To the west of the AK property, Winspear Resources (WSP : VSE : $0.71) expects to resume drilling on Snap Lake this week in an attempt to locate the kimberlite feeder system towards the center of the lake: there may only be about three weeks left in the drill season. North of Snap Lake/AK, SouthernEra continues to drill in the Munn Lake-Margaret Lake area: last week only the second of 16 targets was being drilled. SouthernEra's junior partners are Kalahari Resources KLA : VSE : $0.81) and Island-Arc Resources (IAR : VSE : $0.53). David James (204) 988-9602 Regards P.S. Joe, I can assure you that Goalie is not a shill for SUF nor to my knowledge is anyone else on this thread.

To: Goalie who wrote (900)	4/21/1998 3:46:00 PM
From: INFOMAN	Read Replies (2) \| Respond to of 7235

1. THE USE OF PSEUDONYMS ARE COMMON PRACTICE ON THE WEB. 2. MY MESSAGE DOES NOT CONTAIN ONE DEFAMATORY STATEMENT, BUT IS MERELY A FACTUAL EXPOSITION OF THE EVENTS TO DATE. YOU ARE WELCOME TO VERIFY THE CORRECTNESS THEREOF BY LOOKING AT THE CONTENTS OF THE COURT FILES AND THE APPLICATION TO THE MINISTER. 3. THE TRUTH CAN NEVER CONSTITUTE DEFAMATION. 4. I AM ACQUAINTED WITH THE CANADIAN LAWS OF DEFAMATION, AS I AM A CANADIAN CITIZEN BY BIRTH. 5. THE PRINCIPLES OF DEFAMATION AS SET OUT IN YOUR MESSAGE ARE 100% APPLICABLE TO THE STATEMENTS MADE BY SOUTHERN ERA IN RELATION TO THE HEIRS ON NUMEROUS OCCASIONS. THE FACTS SPEAK FOR THEMSELVES.