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SouthernEra Resources Limited (TSE SUF)      Updated: Dec 08, 2003

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Ian Howat ....... National Bank Financial…….Dec 05, 2003

Maintained UNDERPERFORM 

Price Target reduced to $6.00 from $6.15 

SUF Price day before: $5.57 Finish day of posting:$5.50Current:$5.40

--------August 21, 2003---------

Maintained UNDERPERFORM 

Price Target $6.15 

SUF Price day before: $6.05 Finish day of posting:$6.17Current:$5.40

--------May 11, 2003--------

Downgraded to UNDERPERFORM from SECTOR PERFORM

Price Target reduced to $6.15 from $8.50 (Hit Target August 21, 2003)

SUF Price day before: $5.75 Finish day of posting:$5.60Current:$5.40

                                     

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