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

BHK 9.535

-0.1%

Jan 30 4:00 PM EST

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To: A. Barrada who wrote (84)	7/15/1998 10:14:00 PM
From: Stephen O	of 545

Scotia Macleod have a recent report with a target of $1.45 which sure beats the 80c from Midland. They have an earnings forecast of 4c a shr for 1998 and 10c for 1999. It is really cheap @ 22c. TRITON was overwhelmingly owned by institutional investors. Small stocks are out of favour with them which is why there was selling pressure before the merger and it continues. Are the small funds getting redemption pressure? We the individual investors should be accumulating ready to give it back to the "big boys" when they eventually flock back in like the lemmings they are.

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