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Gold/Mining/Energy : southern africa minerals -- Ignore unavailable to you. Want to Upgrade?


To: Leo Raftis who wrote (206)6/9/1998 8:03:00 PM
From: Neil Thomas  Respond to of 314
 
Drills must working on the Caber as company had announced a drill program beginning by end of May.

Anyone know of progress ? Early (March) press releases on drill results were very encouraging !

Stock has slid a bit but is holding strong in a generally adverse market to mining stocks.

I bought some more today. Brokerage firms are swapping between clients within the same firm or what today ?

Neil



To: Leo Raftis who wrote (206)6/10/1998 8:47:00 PM
From: Neil Thomas  Read Replies (1) | Respond to of 314
 
Leo,

Had a very interesting and beneficial conversation with Mr. Denis Francoeur, President & CEO, this afternoon. Glad I bought more SAF this week.

He confirms SAF is out meeting with brokerage houses and is near settlement of financial terms with one house and working on 5 other houses. SAF respect and solidarity in terms of price/share and longer term commitment are the objectives due to the inherent value of the Caber-Caber North and Botswana (Mosomane) projects.

Although the market perception of junior mines has been unfavourable this company, in my opinion, has from the responses to the questions I raised - great potential ! Also insiders have a good chunk of the shares so they have a vested interest in managing the company well.

Neil