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

To: DavidA who wrote (2468)	2/17/1999 10:02:00 PM
From: Andrew	Read Replies (1) \| Respond to of 7235

SouthernEra is certainly not known as a well promoted stock. Look at the news release of DEC 24. Who is going to see this news on the day before Christmas or remember it when the new year rolls around and traders get back in the groove. Then the first news we get in the new year is a write down of Angolan assets, which though marginal at best this is still a bad way to start the new year. They need to hire a professional PR person. Someone who is knowledgable in helping promote the stock. It is almost like the people at SUF are not concerned with the share price. I am surprised that no one has taken a run at the company as they could probably take it out for less than $10 which would be a steal with the earnings/cashflow and blue sky for which we are getting absolutely no respect. There is a lot to be told here but you have to dig to find it unfortunately. I thought we were gonna break out the last time it went to $9 but here we are SUFfering at $6.40, what a joke. There are juniors out there that dont have proven deposits that have the same or higher market cap. This is what happens to me when I like a company I hold it even though its not performing, I just know if I sell it will be $12 a few weeks later so I wont!! Andy

To: DavidA who wrote (2468)	2/17/1999 10:09:00 PM
From: GEORGES	Read Replies (1) \| Respond to of 7235

In all fairness to management we have to acknowledge that it is doing a very good job in all respects save maybe the way it handles PR. 1.It has demonstrated the ability to find diamonds in places that much bigger players overlooked. 2. The legal problem with DB was settled quickly and favorably. Better to have 40 per cent of a revenue generating mine for the next 4-10 years than 100 per cent of a potential mine tied in the courts for the next ten years with no cash flow to SUF, high legal cost and an uncertain victory in the courts. 3. The deal with DB guarantees us a market for production from all our operations in SA.( Marfonstein and Kipslinger) 4.The deal between DB and the local group is politically correct and is favorable to Suf in that it has cost nothing to SUF. 5.We are shareholders in a co. that I estimate is selling at a multiple of 2.2 times 1999 cash flow per share...... 6.The diamond market, as all commodities and natural resources , is taking a back seat to so called high-tech stocks that trade at multiples of sales..... 7.I bought in at between 5.50 and 6.50 more than a year ago after I read an article on Chris Jennings. He just came accross to me as a person I wanted to take a risk on. I would bet anything that the employees love to work for this guy 8.Let's all be patient and forget the quick kill. In two years time SUF will be at $20 and a lot of the high tech stocks will be delisted. 9.It would be great to find diamonds in Canada but it is not the end of the world if it does not happen by the end of February... 10.All of this does not mean that Suf cannot improve it'PR in a big way and I think management needs to consult with an expert on the matter. I hope you will all excuse my verbiage as most of you have probably fallen asleep. Pleasant dreams....

To: DavidA who wrote (2468)	2/18/1999 1:07:00 AM
From: BozkurtD	Respond to of 7235

DavidA and Andrew.. Very good points. I have been preaching the same thing for a long time. SUF is a company that announces only what they have accomplished. I think it is about time that they should be announcing what they are planning to do. If I am not wrong, the second half of the 1999 should be a super period for the long SUF holders. I personally would like to know more about long term plans. Also, they should go after the US and European money. Today, FM and N brought the price down so that FM can do a large Block Xfer. Because we don't have enough players on the field. Georges If you have a look at the previous postings, most of us here have been a long time supporter of SUF and it's management during the good times and the bad times. We are not bashing the co. but putting in some constructive criticism. Hoping that these will be noticed by the co. I not only post what I think here but on regular basis call the SUF and talk to the executives to express my opinions. Luckily they are a good bunch of people. They are easy to converse with and most importantly they make themselves available. As you must have noticed, the biggest complaint we have is the lack of TIMELY announcements. Like it is said in any business, "It does not matter how good the product is if you don't know how to sell it". It is not only to our best interest to have a higher stock price, but it is also to SUF's best interest as well. I believe that they are a perfect take-over candidate. I don't think that CJ wants that to happen. So we are all singing the same song. ...MORE NEWS... If you think about it, SUF put out more than 55 news releases in 1997. Even if you count the useless M1 legal news, 1998 and 1999 so far not even close to that number. Stock peaked in 1997. Coincidence? Make your own judgement. Regards to you all BozkurtD