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


To: DIAMOND JIM who wrote (2586)3/16/1999 2:45:00 PM
From: VAUGHN  Read Replies (3) | Respond to of 7235
 
Sorry, Don't know Jim



To: DIAMOND JIM who wrote (2586)3/16/1999 6:38:00 PM
From: Confluence  Read Replies (1) | Respond to of 7235
 
Hello DJ,

I don't know exactly when the earnings numbers will come, but I suspect that they will be released shortly. I heard about an audit committee meeting on Wednesday, but I don't know if this means a NR will come out tomorrow.

I must confess: I don't actually know exactly what an audit committee does, but I suspect that they'll review the audited financials and draft a NR, among other duties. We have to remember that this is the first time SUF will have numbers out so early, and that the numbers will be on the plus side. From an operational standpoint, they've only been producing diamonds for just over twelve months. To expect all the polish and experience of Barrick in the first go would be unreasonable, IMHO.

That being said, I'm sure all eyes will immediately go to the cash flow numbers. That seems to be what the Canadian analysts are concerned about most.

Regards,

Confluence