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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (20293)	9/12/2003 12:46:46 PM
From: Eva	Read Replies (1) \| Respond to of 39344

Date: Fri Sep 12 2003 12:16 trotsky (P.Yorkie, 9:19) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved the monetary properties of gold and silver are NOT determined by the central banks and their reserves. the market makes that determination. as Fekete has convincingly argued, even a velocity of zero does not disqualify money ( i.e., gold ) as money. this is merely a case of Gresham's law, whereby bad money is driving out good money. the bad money is used for day-to-day transactions as long as the gun put to everybody's head dictates so, while the good money is being hoarded. the argument that the central banks can somehow 'demonetize' the free market's money is erroneous.

To: jrhana who wrote (20293)	9/12/2003 1:52:49 PM
From: Stephen O	Read Replies (2) \| Respond to of 39344

October 10th set as date for BHK shareholders meeting to approve merger with Glencairn. Glencairn will list immediately on TSE after that. Here's the news release: TORONTO (CCNMatthews) Sept. 12, 2003--Glencairn Gold Corporation (TSXV: GLJ) and Black Hawk Mining Inc. (TSE: BHK) today announced that they have signed the formal agreement to combine the two companies as announced on June 30, 2003. The approval of Black Hawk's shareholders will be sought at a special shareholders' meeting scheduled for October 10, 2003. As announced July 31, 2003, Black Hawk's principal shareholders representing an aggregate of approximately 31.1% of Black Hawk's outstanding common shares have agreed to vote in favour of the transaction. If approved by Black Hawk shareholders, the transaction is expected to close shortly after, subject to regulatory approval. Under the terms of the proposed combination, Glencairn will issue one share of Glencairn for every three shares of Black Hawk, or approximately 47,294,396 common shares, to Black Hawk shareholders. Glencairn currently has 21,084,167 common shares issued and outstanding. The combined company will operate under the name Glencairn Gold Corporation and the current officers of Glencairn will continue as the management of the combined entity. The Glencairn shares are currently listed on the TSX Venture Exchange. It is a condition to the completion of the transaction that the Glencairn shares be listed on the Toronto Stock Exchange. It is expected that, on closing, the Glencairn shares, including the Glencairn shares to be issued to the Black Hawk shareholders in connection with the transaction, will be listed on the TSE and will be de-listed from the TSX-V. The combination of Glencairn and Black Hawk will result in a mining company with current gold production from the Limon Mine in Nicaragua of approximately 55,000 ounces gold per year. Subject to financing, construction of the 60,000 ounce Bellavista Project in Costa Rica will begin by early 2004 and is expected to take approximately one year to complete. Both the Limon and Bellavista properties, as well as other properties currently held by Black Hawk in Nicaragua and in Timmins, Ont., feature excellent exploration potential. Gross proceeds of approximately $8.6 million from two recently proposed financings by Glencairn, expected to close September 17, 2003, will be held in escrow until closing of the combination with Black Hawk. Upon closing, the continuing company intends to immediately begin a US$2-million exploration program on the Limon property as well as a scoping study on the Vogel property in Timmins, and will continue to aggressively pursue acquisition opportunities in order to become a mid-tier gold producer. To find out more about Glencairn Gold Corporation, please visit our website at www.glencairngold.com.

To: jrhana who wrote (20293)	9/12/2003 2:15:02 PM
From: VAUGHN	Read Replies (1) \| Respond to of 39344

Hello jrhana Another junior that has been sleepy for years is Mill City (MC.V). It has a piece of the Yamba Lake claims Southernera has been puttering about on for years (just north of BHP's Ekati Mine.) Nothing much has affected the stock since I don't know when, but this year management started making a series of quiet NR's about acquiring Au claims along the Carline Trend in Nevada. I would have taken such news as the usual hohum promotion but then I noticed something. Curiously, someone has been very very quietly buying MC between $0.12/s up to $0.17/s, sitting back waiting for the price to drop to them and starting again. This has been going on consistently now all year. Who knows when any real news will come out on this sleeper, but somebody likes those Nevada Au claims as no one would be buying MC on the dearth of Yamba Lake news. Just for fun, someone might want to sniff around on this one. Vaughn