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

To: gemsearcher who wrote (2740)	4/6/1999 8:42:00 PM
From: Gord Bolton	Read Replies (2) \| Respond to of 7235

I think that a little patience at this point will be rewarded. Winspear is probably the most profitable Canadian mining company at this point and they have more exploration capability and potential than any. Maybe the shareholders will have to email the mutual funds and the brokers. The Canadian Brokers are way behind the ball and the play here but they will catch on. The first quarter and the second quarter should be very impressive and we will have lots of news before then. When that P/E is posted beside the share price and compared with others on Yahoo and elsewhere there will be some buying happening. We should all take the dip as a buying opportunity and load up. My bet is that the drill will be biting at least half a dozen pipes by the end of April. I think CJ once said that he would like a mine in the NWT. My bet is that we will see one soon. Good luck and keep up the good work SUF.

To: gemsearcher who wrote (2740)	4/7/1999 7:09:00 AM
From: Confluence	Read Replies (1) \| Respond to of 7235

Hello gemsearcher, Thanks for your input. You've been a great addition to the information mill. I kinda like the implications that your first two suggestions bring. Firstly, an issuer bid would re-assure a nervous market. While I would rather see SUF spending dough on things like CNB JV, developing Camafuca, etc., the share valuation is a type of currency. With a depressed currency, simply announcing a method by which this could be improved would help. An announced normal course issuer bid need not actually be completed. But the understanding that SUF might allocate $5-6 million dollars to support its currency and more importantly, its shareholders, can't be negative. Secondly, a dividend, even a nominal 10 cent annual payout, would allow certain institutions to own SUF. In all likelihood, these same institutions won't buy SUF until the production lifespan is closer to 10 years. But the implication of a greater possible range of buyers is obviously positive. To take one month's earnings and flip it into a dividend couldn't be seen as negative. I have a slightly different idea. If the above two ideas would cost somewhere in the neighbourhood of $3-6 million, why not build another 50 tph plant? Fast track the fissures (SUF's excellent team in RSA and Kim Freeman in TO could probably make this happen), increase earnings, cash flow and provide yet another facility for producing/testing more from the 100% Klipspringer property. Or look for other opportunities to generate short term cash flow. Regards, Confluence