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Gold/Mining/Energy : JAB International (JABI)

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To: virginijus poshkus who wrote (219)10/19/1997 3:05:00 PM
From: D.McQ   of 4571
 
Vargas. I don't want to be rude but anyone who owned a "dog" for 5 years isn't managing their money. Anyone who stayed with a company that "mis managed their assets, were sued, lost and kept issuring more stock" is the last person I would listen to for stock advice.

What were you waiting for? A bankruptcy so you could tell everyone how much money you lost?

You couldn't even see what the company was really doing. These were honest hard working people. While you were whining and crying about how bad you managed your money, they were doing it right. You are right!! "Weeks can go by without finding more gold.".

Looking back it esy to see for me to picture it. These are very intelligent honest people here. They are handling this very wisely and with a carefully thought out business plan. To me this is what a reputable company does.

What did YOU want them to do? What would YOU have done. Maybe start screaming from the house tops "We found a little gold...we found little gold.." "now we don't know what to do with it but we found gold..."

They were positioning themselves. They had ever indication that there was gold here. Why did they build a mill here? Why do all these repairs on the mine and fix up the road? Did you think maybe they were in the construction business? Why hire an honest experienced PR representative? Why hire the staff and make sure every little detail was in order?

Lets face it, you happened to "luck out". You didn't even know it. You still don't know it.

Until they actually found gold and were able to start mining it, this strike was nothing more than wishful thinking. They didn't issue a press release until they were ready and knew they could make this happen quickly.

Intelligent investors put their money in a company and hope it works out They do a lot of research and invest when the waiting is over.

BCMD thought this out and acted in the best interest of their shareholders. THAT'S managing your money.
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