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Gold/Mining/Energy : JAB International (JABI)

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To: Roebear who wrote (3071)	2/22/1998 5:36:00 PM
From: Tai Jin	Read Replies (1) of 4571

Roebear, that's just the type of hype that the company has been putting out. I don't think anyone cares about the possibility of diamonds. Until they start unearthing real diamonds, I don't think they should be saying anything about it. People still remember BRE-X so this only impresses the fools, and it probably has a negative effect on the smart investors. Here's what they need to do/have to put investors more at ease with their investment: 1. Audited financials and production figures 2. Published business plan 3. Independent confirmation of gold and/or diamond finds and proven reserves Is there any independent confirmation of their finds? Is this BRE-X all over again? People said it couldn't happen here in the US, but those people are naieve. The only way to settle this is to get independent confirmation. I think if the company is at all interested in dispelling the suspicions that getting independent confirmation should be a top priority. After all, it is the company's potential that drives the stock price. I have also called for production, but unless they have the proven reserves the production may only have a short term effect. ...tai

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