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Gold/Mining/Energy : JABA INC.(c.jba)

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To: robert azana who wrote (419)	5/2/1998 10:45:00 AM
From: MUDMAN	Read Replies (1) of 1044

Robert: So Cannacord is on board! Interesting...They did quite a bit of work for Arequipa in helping them raise cash. My guess is that the mission here will be for Cannacord to talk up the stock (and the price) so that a financing can be done, of which Cannacord will be paid in cheap stock. This is how the game is played. In any event this is good news. Also hearing that Doug Casey and Rick Rule - two newsletter writers - to get on board. Not sure if that's a good thing. Anyone who has been on the opposite of Casey's trades the last two years has made a fortune (I used to be a subscriber). Rule I'm not sure about but his Global Securities outfit put out a buy on a company I own (Coral Gold CLH.V) when it hit a high of CN$3.50 in the late fall...it's now +-CN$1.00. So I don't get excited when these guys get on board. If anything I get a little wary. I would offer though that what will KEEP the stock up will be results that are meaningful. As an owner of 71,000 shares, results - not hype - will get me paid in the long haul. I believe we will eventually see results. One other bit of good news that has been overshadowed is that copper prices have rebounded nicely and seem to be in an uptrend. Mudman

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