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Gold/Mining/Energy : JAB International (JABI)
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To: D.McQ who wrote (1510)11/24/1997 3:33:00 PM
From: Paul Kim  Read Replies (2) of 4571
 
Darlene, thanks as always for your informative posts. I for one am still long in this stock since mid-October and will await further news from the pillars. What seems quite assuring is that the news of the JV came out maybe a week or two before the assay results are due. My guess is that unless the preliminary results were promising, these guys wouldn't dare to put up $9 million. I assume $9 million is still not chump change for anybody. I am still disappointed with the stock movement, however. But with all the high expectation that was going on with this stock and so many short term traders (DTO and others), I guess unless the news was exceptional we should have expected something like this. Remember many of them got over 100% return on their investment within one month -- not bad.

My question to you is how good of a deal is this for BCMD. I realize they got some hard needed cash, but this JV deal seems a little too generous, IMO. How does it comare to other potential mining deals in the past? Could you say this deal is somewhat ordinary for gold mining companies? Please comment.

As for Mr Freeman: I thought we are here to talk about stocks, not character assassination. Please do that on other threads. You've made your money and your warning is appreciated. So if you've got nothing to add regarding BCMD, I guess you don't need to be here.
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