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

To: Stephen O who wrote (97)	9/10/1998 9:18:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 545

All the selling of BHK is coming from Scotia Macleod. They have sold over 2,000,000 in last 30 days. This must be an institutional order as they have a buy rating on the stock with a $1.45 target and they have bought some retail. As at Dec 30, 1997 Sceptre Equity had 4.4 million and their perf has been lousy this year. They owned a chunk of YBM magnets and they must be getting some redemptions. IMO it is highly likely that they could be the seller. When they are gone look for much higher price in BHK.