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Gold/Mining/Energy : JAB International (JABI)

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To: Eric Freeman who wrote (2781)1/29/1998 11:54:00 PM
From: Peter S.  Read Replies (1) of 4571
 
Eric

What are you implying? a)That there is no gold? b)They cannot make money mining it? c)The stock is too diluted for it to do us any good? d)All of the above.

All

Re: News. This is fantastic news. BCMD is a gold mining venture and they are finding gold. IMHO this is providing an excellent illustration of the company's M/O. They are spending (JV's) money on exploration while quietly preparing production line. With PoG low this makes sense to me. Call it hedging. Real price gains are unlikely until production starts and faith is replaced by fact.

I am probably an idiot to have this stock when they haven't produced so much as a gold plated watch strap. It is the potential that pulled me in.

These are mere opinions of course. It seems to me that anyone who uses an unregulated forum such as SI to say they like/dislike a stock can be accused of hyping. It depends on what your threshold is. For me it is when someone pops up on the thread to say another stock is going to pop within the next day or two. Get thee to daytraders.com heathen!

I have opined,
Peter S
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