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

To: VAUGHN who wrote (2551)	3/9/1999 1:24:00 PM
From: Andrew	Read Replies (3) \| Respond to of 7235

Hello Vaughn. Dr. Jennings mentioned that he was looking at or working on the geochemical plots I believe right when I called. I'm not very knowledgable on the technical aspect of the exploration, in this area I think you are the man. I did not ask for any details. I understand drilling and meters of kimberlite and grade per ton. : ) FWIW here's a recommendation from Bishop SouthernEra Resources Limited - Bishop says exploration makes SouthernEra a hold SouthernEra Resources Limited SUF Shares issued 25,980,645 1999-03-08 close $6.95 Tuesday Mar 9 1999 Robert Bishop, writing in the Feb. 23, 1999 issue of his Gold Mining Stock Report, says SouthernEra Resources has become "a real diamond mining company" during the decade and now boasts strong earnings and cash flow. Mr. Bishop recommended SouthernEra, $7 at the time of writing, in November 1995 at $3 and in January 1999 at $7.50. He says the company's strong balance sheet, combined with signs that the diamond market is turning around, lead him to recommend his subscribers not sell. Other reasons are the company's exploration prospects at Marsfontein, South Africa, and its more recent exploration programs in the Northwest Territories. The California stock picker says the market appears to have not given SouthernEra a premium for these exploration plays. Mr. Bishop notes that he made similar comments about Aber Resources in December at $8.15, before it ran to over $12 in January. On the negative side, SouthernEra was forced to discontinue its Angolan projects in early January because of security concerns. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com