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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)
BHK 9.560+0.2%Dec 3 4:00 PM EST

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To: gilbert leblanc who wrote (354)12/29/1999 6:51:00 PM
From: gilbert leblanc   of 545
 
I noticed today that Mr. Robert A. Quartermain President and Director of Silver Standard Resources Inc. is equally a director of REPADRE.

It is Silver Standard Resources who has a deal with BHK for works on their Argentina property. (Right now, at a current price of $0.06, the markets don't recognize any value to this asset.)

In conclusion, a very small family of related corporations and insiders.

Stephen, I don't expect that JASCAN will inject more money in BHK. I think that BHK will sell some non strategic assets and reduce their expenses at the head office.

Gilbert Leblanc

p.s. BHK is a very speculative stock. It is not like my preferred junior gold stock, AURIZON.)

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