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


To: GEORGES who wrote (2344)1/8/1999 11:34:00 AM
From: Valuepro  Read Replies (1) | Respond to of 7235
 
Let's not forget SUF has not left Angola. According to the PR they are still working at Camafuca. Given the loss in the share price from Wednesday, we can surmise that the closure(s) holds little value in the market. If we have to close Camafuca, I'm afraid the loss could be multiples of C$.30 (includes 10 cent downer as of early this a.m.).

However, in that we have, I'm sure, much good news in the pipeline from South Africa and Canada, I doubt the possible closure of Camafuca will be much noticed by the market for any extended period of time.

VP