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Gold/Mining/Energy : HYDUKE Capitol Resources HYD

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To: Richard Saunders who wrote (133)	4/4/2002 11:45:32 AM
From: SofaSpud	Read Replies (1) of 135

It's true, Richard -- these guys fly so far under radar it's a wonder they don't have pine cones in their hair. The Q3 numbers confirm the sense I got at the AGM -- that they were just a bit too blase about the outlook. Some disturbing stuff in the report -- revenue up, gross profit down. Interest expense way up. It's probably time to give Babic a call, what with the departure of Ardeil and Whitworth. If memory serves, they made a big deal about Ardeil's arrival. And it's one thing for Whitworth to not renew his contract as a manager, but resigning as director doesn't look good at all.

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