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


To: gemsearcher who wrote (2915)4/15/1999 11:48:00 AM
From: Claude Cormier  Respond to of 7235
 
Gem,

This acquisition looks like a major coup. Paying US$10.5M for 54%+ of a 10 millions ounces PGM resource..??? OK PGM are not easy going like gold ...but that looks like they are paying only a few $$ per ounce.

What is more...Messina Limited has $US9M cash...

Unless Messina has tons of debts, this deal doesn't make sense...it is too good for SUF ??? <g>.

CC