Breakwater Resources (T.BWR) Message Board

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Gold/Mining/Energy : Breakwater Resources (T.BWR)

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To: Stephen O who wrote (791)	3/16/2000 4:48:00 PM
From: Gunnar	Read Replies (1) of 962

I am sure you are right Stephen O, so excuse me for being stubborn. My English might led me off the track: "The $48-million sale involved its Bouchard-Hebert and Langlois mines, as well as related net working capital and metal hedging obligations." Isnït the meaning of this that BWR takes the debts too? Or is the negative hedge positions related to other (gold) assets for Cambior? Is the meaning of the sentenses below that the booked value of the two mines was 120 + 48 = 168 000 000 USD? "The company said the sale of its zinc operations is expected to generate a pre-tax book loss of approximately $120 million which will be accounted into Cambior's 1999 year-end results." Regards, Gunnar

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