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

To: Andrew who wrote (2544)	3/5/1999 7:41:00 AM
From: Confluence	Read Replies (1) \| Respond to of 7235

Hello Andrew, Yesterday's market activity was very disappointing. SUF got off to a good start, with a large bid of 25,000 at 6.80 and almost nothing on the sell side. It looked like we might have some upside, but a few shares were traded at 6.90, and all the sudden the large bid was gone and 10,000+ shares were offered at 7.00. It was confirmed to me that First Marathon was initially the large buyer at 6.80, then the large seller at 7.00. This tells me that these guys are still jerking around the stock. I was expecting another cross of a nice piece, but it never materialized. While I applaud their efforts on behalf of their clients, they're starting to annoy me. By signalling the market in the way they have, they are very likely to be scaring off bidders as their resistance looks formidable. That they can exert so much influence over trading is also sad. It means that the daily volume of SUF is not enough to overcome FM's efforts to "control" the stock. Most certainly, we are not seeing fair market action here. Again, I applaud the efforts of FM to get cheap stock for their clients, but it is certainly to the detriment of all other shareholders. With the expectation of more good news over the next while, is it better to have positive news announced with the stock at 8.00, 7.50 or 6.90? Clearly, we'd be better off if the volume for at least a couple days could drive FM to bid at higher prices. (They are still trying to accumulate stock, IMHO) Oh, for the available dough to put in a buy for 100,000+ at 7.00! Then we'd see some action! Anybody got a rich relative? Dreamin', Confluence

To: Andrew who wrote (2544)	3/5/1999 11:00:00 AM
From: Walt	Respond to of 7235

The diamond play has matured alot and now most people dont get to excited by a kimberlite (unless it is a junior junior and their first find) Now people want to wait and see, Is it diamondiferous and is it close to being economic. In sufs case since they are already producing in Africa finding a pipe here seems to be more interesting then speculative. Personally from the indicator minerals etc I think they stand the chance of finding several pipes and this certainly increases their chances of finding an economic one. Time will tell. regards Walt