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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: littlebitmoore2 who wrote (63291)	2/4/2009 9:34:43 PM
From: loantech	Respond to of 78421

I do not like the dilution. They blew it by not financing at higher prices but this should get debt out of the way for 12 months or so. Maybe the stock can run now. Greenscreek is a great asset but maybe they overpaid. Tom

To: littlebitmoore2 who wrote (63291)	2/5/2009 9:38:44 AM
From: loantech	Read Replies (1) \| Respond to of 78421

Ann I am not sure you can receive private messages so here is what I just sent HL. Jeanne is the new IR person now that Vicki is gone. I was responding to a prior email message. Hello Jeanne, Thank you for your answers. I am sorely disappointed in the management of HL. Mr. Baker should resign.Please read this statement he made in the earnings report for the 2nd quarter last year. Please forward this to him. I expect an email response or phone call from him leaving a message. My number is 503-xxx-xxxx. Since some of us work for a living I will need a number I can call him back at and a time. Outside of my work hours of 8:30-4:45. Here is the statement: <As part of the financing for the acquisition, Hecla had put a $220 million bridge loan in place. The Company is currently examining a number of options to retire the bridge loan. Baker said, “Hecla has a history of carefully controlling dilution to shareholders. I continue to believe that is an important factor in managing our business, so we are considering all our options, including deferral of capital expenditures, to retire the bridge loan.”> Since that statement counting new shares and warrants HL has increased their stock float by almost 80%. That is an outrage and considering his statement above that statement is an outright lie to shareholders. Very Disappointed shareholder, Tom xxxxx

To: littlebitmoore2 who wrote (63291)	2/5/2009 8:54:42 PM
From: loantech	3 Recommendations Read Replies (1) \| Respond to of 78421

Spoke with the CFO at HL this AM. Here is a bit of a summary: 1.Last summer HL wanted to do a bond offering but the market had gone south.So a no go. 2.In September the financing market was weak so they financed what they could at higher prices. 3.December same story market still bad. 4.Most recent financing was done on more favorable terms. HL regrets having to finance this way but the market gave them no choice and the bank loans were due. 5. They should produce about 10-11 million ounces in 2009. 6.Resources have expanded very nicely especially at Lucky Friday. 7.Working on getting the hydro power at Greens creek by end of 2009. 8.Some room for production expansion at both Lucky Friday and Greens Creek but not a lot. 9.They have looked at USA but too much on their plate right now and USA has their own problems.It is not cost effective to truck ore from Lucky Friday or Independence lead silver's orebody to the Galena or Couer mills.So custom milling is out for now. 10.Lead and zinc have to rise for HL to meet future debt payments without further dilution. Silver too I would assume. The good news is with the world wide bailouts zinc may benefit and lead is a necessity for batteries for a lot of the proposed green power. 11.HL is looking at hedging diesel fuel. 12.Lucky Friday is not affected by the potential hard rock mining bills in congress and Greens Creek will have little or no affect. There were some land swaps concerning federal land so the jury is still out but they think there will be no effect. 13.A good chance that costs have hit the max this last quarter. Most if not all input costs are now lower and coming down, labor, diesel, steel, concrete etc. I would appreciate anything anyone else can glean from management or any other opinions. Tom