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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (2040)	4/22/2001 7:24:56 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Hi Flea, Your in with HLB-t @$1.02 for 9,803 shares. Chart for Hillsborough Resources Limited(HLB-t): stockcharts.com[h,a]declnimy[pc20!b50!b100!b200!b10][vc60][iLh14,3!Ll14!Lb14!La12,26,9] Looking at the chart for HLB we can see that the stock is currently trading above all it's major MA's and is in a basing pattern after a nice uptrend run-up. The stock closed at the high of the day on Friday on nearly triple it's normal volume. There should be good support at the 50MA @$.89 since the stock has traded above it for last four months. All the indicators are still positive and it will be interesting to see which way this stock will break from the wedge on the chart. Personally I think it will break to the upside. Good luck with this pick Flea, Al

To: Flea who wrote (2040)	4/25/2001 8:30:51 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Flea, news on your pick HLB-t: Hillsborough to sell shares privately Wed 25 Apr 2001 News Release Mr. David Slater reports Hillsborough Resources has entered into a letter of intent for the private placement of special warrants under certain prospectus exemptions in the provinces of Alberta, British Columbia and Ontario, subject to regulatory approval. The special warrants will be offered at a price of 95 cents per special warrant, for maximum gross proceeds of $8,075,000. Each special warrant will entitle the holder to acquire one common share for no additional consideration. Hillsborough will use its best efforts to prepare and obtain final receipts for a prospectus qualifying the shares issuable on exercise of the special warrants on or before Sept. 15, 2001. The gross proceeds of the offering will be used for general working capital, repayment of debt, acquisition of additional coal properties, new mine development and exploration. Salman Partners Inc. will act as agent for the private placement on a reasonable best efforts basis, which is expected to close on or about May 10, 2001. Hillsborough has granted to Salman Partners a greenshoe option to accept orders for an additional 2.5 million special warrants at 95 cents per special warrant for a period of 30 days from closing for additional proceeds of $2,375,000. David Slater, president and chief executive officer, said, "This private placement will provide our company with the funds necessary to open the T'Sable River mine and with working capital for our current expansion plans."