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Gold/Mining/Energy : JAB International (JABI)
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To: D.McQ who wrote (1079)11/10/1997 6:05:00 PM
From: Mr. Miller  Read Replies (2) of 4571
 
Darlene, so refreshing to hear from you. I am glad that there is at least one other person on this thread who (in writing) agrees with me on two fundamental points right now: we are waiting for ANNOUNCEMENT of a JV partner and ANNOUNCEMENT of production numbers. That is it, plain and simple. I really look forward to your posts, since they seem sincere and knowledgeable. I noticed you have mostly posted here. Glad to have you.
Charger, I already said I got through and left message for written info that is so hard to read on the "unofficial" web site. I never got a return call.
I fail to see how $150/.3oz.gold is the industry standard. I will go back and check that, but common sense tells me that that would be over$450/1oz. gold and that would not be profitable right now. My source tells me more like $250-$350/1 oz.gold.
I was following volume increase beginning around 2:10EST, and noticed we went from 500,000 up to that point in the day to the close of over 1.1 million. We traded 500,000+ in the last 1 1/2 hours of the day. This is what I call anticipation for news after the closing bell. None so far. Obviously we hit the 1 1/2 brick wall again, and we will keep hitting it till someone is able to buy enough to push us through, or investors begin to think we SHOULD bust through. There are just too many sells at that point right now.
I am not discouraged by the drop today. It can't go up every day. I'm sure we will see more down days in the future, but don't get too used to it. My hope is that we will continue a net rise in there somewhere. GO BCMD!!

Miller
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