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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)
BHK 9.415-0.8%Nov 19 4:00 PM EST
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To: gilbert leblanc who wrote (374)1/14/2000 11:25:00 AM
From: Stephen O  Read Replies (1) of 545
 
Re the $2,000,000 debt of BHK and Breakwater. A year ago Breakwater was cash short but in 1999 they will have generated in excess of $45 million in cash. Merrill Lynch estimates that BWR will have cash of $90 million by the end of 2000. Who better to lend the money to BHK than BWR. I will say that BWR is my biggest mining investment.
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