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

To: Factfinder who wrote (3203)	5/7/1999 12:05:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

Do you mean this one? mg.co.za I do not see any dark cloud there for SUF. De Beers is obligated to buy all production form Marsfontein and Klipspringer. If there is a dispute about prices SUF has the right to obtain an independant evaluation. Diamond prices have been going up and if anything this little dispute will tend to raise them even more. Everyone will be watching very closely. The only negative factor that I can identify is the loss of production from Angola that happened last Christmas. This has been much more than offset by higher production than expected on Marsfontein and the significant increase in production from the expanded plant on Klipspringer. Exploration on Marsfontein looks very promising for more pipes, blows, fissure resources and vast amounts of rich diamond bearing alluvial gravel. The stock started sliding from a high of $9.00 and just hasn't stopped. We have had a lot of good news and things appear to be very profitable but something is missing that the market says that they want. Maybe what is missing is the good old days when SUF would serve up a report on exceptional diamonds and $ale price. Recently SUF reported a whole bunch of big gems from Marsfontein, ho hum, but didn't tell us what these beauties were sold for. We want the saliva inducing details on each one. Here is to a great first quarter report that just knocks your socks off. May it please come tomorrow and make the front page of the Post and Globe on Saturday.