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Gold/Mining/Energy : BLACK HAWK (TSE:BHK) -- Ignore unavailable to you. Want to Upgrade?

To: gilbert leblanc who wrote (354)	12/28/1999 10:21:00 PM
From: Stephen O	Respond to of 545

Jascan has lots of cash, close to $10,000,000 last time I looked. The Call options are a deadweight around BHKs neck. Standard bank wanted "PUT" protection and suggested they sell the "CALLS" to come up with the money to buy the "PUTS". I think Ogryzlo is paying the price of agreeing to this arrangement.

To: gilbert leblanc who wrote (354)	12/29/1999 11:39:00 AM
From: EZbeliever	Respond to of 545

Gilbert...Thanks for the fresh perspective. Guess my mind is just clouded by the whole option issue. I knew it was potential trouble when the loan renewal was delayed and the millstone was fitted. Still holding out for a turnaround.

To: gilbert leblanc who wrote (354)	12/29/1999 6:51:00 PM
From: gilbert leblanc	Respond to of 545

I noticed today that Mr. Robert A. Quartermain President and Director of Silver Standard Resources Inc. is equally a director of REPADRE. It is Silver Standard Resources who has a deal with BHK for works on their Argentina property. (Right now, at a current price of $0.06, the markets don't recognize any value to this asset.) In conclusion, a very small family of related corporations and insiders. Stephen, I don't expect that JASCAN will inject more money in BHK. I think that BHK will sell some non strategic assets and reduce their expenses at the head office. Gilbert Leblanc p.s. BHK is a very speculative stock. It is not like my preferred junior gold stock, AURIZON.)