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Gold/Mining/Energy : HYDUKE Capitol Resources HYD

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To: CIMA who wrote (131)	1/14/2002 11:46:39 AM
From: SofaSpud	Read Replies (1) of 135

I attended the AGM and asked them about the new credit line. They had said then that they had an acquisition that was set to close in September, but had been delayed by the 11th. I was nervous about the size of the credit line ($21 million is awfully big relative to sales), and asked what they expected to be their exit debt. The answer was $13 million. Agree that the company is for real, and agree too that a move to the TSE has to happen, and sooner rather than later. Notwithstanding what was said at the AGM, they've got a tough year ahead.

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