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

To: Gord Bolton who wrote (3328)	5/12/1999 4:55:00 PM
From: russet	Read Replies (1) \| Respond to of 7235

We could possibly be talking about two separate things. I am talking about revenues on the income statement. Confluence seems to be talking about cashflow. Revenue is recognized (at least in the third quarter) when the diamonds are produced, thanks to the marketing agreement. Cashflow will be recognized when the money is in Suf's bank account. We won't know the truth until someone gets the yearend report and gets to look at the notes. If my interpretation is correct, I would look at revenue for now,... it will lead the cashflow numbers in determining how profitable Suf is becoming. Anyone received the yearend yet? russett