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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)
BHK 9.650-1.1%Nov 13 4:00 PM EST

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To: Stephen O who wrote (387)6/14/2000 8:46:00 PM
From: gilbert leblanc  Read Replies (3) of 545
 
Stephen,

Even with its call option at $US 290.00, BHK is in a bad position with the others call and put sold and bought last year. BHK must give a "garantie" to their losing position.

What still amaze me, is to see that some inside insiders are still buying the shares (light accumulations).

The loan due in June is still this loan with Standard Bank. I believe that Breakwater do business with this bank and I must assume that this bank has no interest to put BHK into "bankrucy".

I didn't have any contact with officers recently because in the past I didn't receive decent answers from my questions.

I, my brother and my father have still some shares in BHK.

Sometime, my dad trades on this one. We buy at the current level and we sell at above $0.11. Not happen recently but last year we had the opportunity to do it.

Yours truly,

Gilbert

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