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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)
BHK 9.420-0.7%Nov 19 4:00 PM EST

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To: Gord Bolton who wrote (228)3/3/1999 9:45:00 PM
From: gilbert leblanc  Read Replies (1) of 545
 
BHK

BHK should published their last quarter this week.

I would not be surprised to see some write off of assets.

I expect a small lost for the last quarter but with positive cash flow.

Never forget that we are at the mercy of the price of gold.

At a price of $US 350 per ounce, the share of BHK could easily move to
$CAN 0.30.

For my part, I think that BHK don't promote enough that their Argentina play is more in silver then in gold.

I predicted last year that we could have some turbulence on this stock. I was not expecting a crash.

Yours truly

Gilbert Leblanc
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