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

To: gemsearcher who wrote (2973)	4/16/1999 3:01:00 PM
From: russet	Read Replies (2) \| Respond to of 7235

Confluence and Vaughn are busy calculating all the values of all the NR's and relating that to what the shares should now be worth. Then they will be planning new purchases. $20.00 seems reasonable to me. russett

To: gemsearcher who wrote (2973)	4/16/1999 5:25:00 PM
From: VAUGHN	Read Replies (1) \| Respond to of 7235

Hello George & Gemsearcher There is no doubt that the fact that we are getting these releases is certainly positive in keeping SUF's name infront of the market. There is also no doubt that these pieces of news will all be substantive assets and contribute significantly to the bottom line and share value in the years to come. However, none of this news is what the market is going to get excited about in the short term. All I can do is repeat what I have repeatedly stated. We need Canadian pipes with mine potential. Investors are looking for significant "growth" and tenure security not third-world "value". What SUF will realize from the Camafuca in its entire proven reserve life time, Canadian pipes such as DMM's or ABZ's will generate in six months. To reinforce my point, over the past few days, have you looked at the ticker on SUF's junior partners on the Yamba Lake play? Just today: TQY closed at $.38 up 52% on 53,000 shares MIY closed at $.18 up 29% on 230,000 shares CAV closed at $.13 up 8% on 104,000 shares These are all pennies that had a 52 week bottom of around $0.05 in the last six months and closer to six weeks ago. The market is prepared to speculate in plays when there is a reasonable chance of exponential growth through tenure safe Canadian pipes. Unless I miss my guess, SUF would have gone up on speculation on Yamba if these other announcements had not distracted the market from the one story that would have excited it. Regardless, the market will see SUF, but HB is going to have to announce a kimberlite intersection on that first target next week to begin to get the ball rolling. If management is smart, they will forgoe any but the most material news from overseas and concentrate on putting out Canadian pipe discovery news no matter if its just progress, but with out interuption until their is momentum behind SUF. My two cents. Regards

To: gemsearcher who wrote (2973)	4/18/1999 8:08:00 AM
From: Confluence	Respond to of 7235

Hello Gemsearcher et al, Sorry for the downtime, I've been away for a bit. Quick responses only today, on Canada's national day of mourning (for our loss of Gretzky). Most of the comments on the Camafuca deal have been pretty good, IMHO. Simply the largest daimondiferous Kimberlite on the planet, with over 200 drill holes w/data courtesy of de Beers, plus all data gathered in last couple years. Angola is problematic, but Camafuca is well situated, and close to its partner's strongholds. This was a calculated risk, but I believe that SUF knows a lot more than has been disclosed. And it may be quite some time before we hear more news about Camafuca. Now that SUF has its 51% interest completely vested (there is another 14% that could come under SUF also), what benefit would the release of positive results bring? I've noticed almost no news in the past several months, and while concerned, I think that SUF has done a lot more work than has been reported. These are my thoughts only, because SUF folks are very tight-lipped about it. Since Camafuca, by most analysts reports, has little or no contribution to SUF's present NAV, confirmation of the previously released results is not material. And why turn on the flashing light and sirens to attract UNITA interest by issuing further comment? So I think SUF bides its time, quietly going about its feasibility, with its people in relative safety (refer to previous excellent posts), and one day, when the civil situation is closer to resolution, they'll release a whole raft of news, plans, skeds, etc. But who kows when? Since the market doesn't care, I can't disagree with the silence. But many folks are working at Camafuca. For those who haven't heard it yet, this is the reason I own SUF. The exploration upside, in my opinion, is huge because of the great work of the people at SUF. The earnings and cash flow are excellent ways to pay for, and increase, this potential. I'll agree that the market would love to hear news of pipes in NWT. As a SUFfering shareholder, I would also. However, while the prices of almost worthless partners has risen nicely on the hope that SUF's drilling might be successful, Vaughn was correct to draw a line between SUF and this performance. Regards, Confluence