BLACK HAWK (TSE:BHK) Message Board

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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)

BHK 9.720

-0.8%

Nov 3 4:00 PM EST

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To: Stephen O who wrote (516)	1/16/2003 4:42:35 AM
From: TheBusDriver	Read Replies (1) of 545

<<It's only 3 months for goodness sake>> That wasn't necessary.....Guess I have been scolded for speaking out of turn......What if gold goes down? To what exactly? $270? You think that is going to happen? I doubt BHK does, in fact if we see $200 like some of the E-wave guys say I figure BHK with either hedge again or go belly up. So POG going back down to their hedge price is kind of a dead issue don't you think? I could turn that above comment around and say it only 19,000 oz for goodness sake and think of the cash flow! We could pay for it easily with the additional cash flow. BHK is and investment for me. I don't love the company. For all I know (which is little, I'll not argue that you seem to know more about what is going on in BHK that I do) this strike could have been avoided and we would be in the money right now. The way I figure it, this strike cost them $1.5M, and that is just the delay in delivering into the hedges and does not take into account any operating losses due to the strike action. Wayne

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