Breakwater Resources (T.BWR) Message Board

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Gold/Mining/Energy : Breakwater Resources (T.BWR)

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To: jack marshall who wrote (502)	8/1/1998 9:27:00 AM
From: Larry Rutherford	Read Replies (1) of 962

Jack, I have to give you credit for being a very nimble trader on BWR. We are getting down to a level where you purchased before. In your opinion do you think that it is becoming a buy again. How low can this stock go? I have followed this forum closely for about 6 months and I sense that you have a pretty good bullshit detector. I think that you said that BWR may use the August "maintenance" shutdown at Caribou as an excuse to shut the mine down until zinc prices improve. Judging by what I read in their Q2 report they are not getting close to the recovery rates that they predicted in their feasibility studies. I also remember you writing several months ago that the best thing for this company would be to write off the mine, as it is a drain on their cash reserves. Larry Rutherford

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