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Gold/Mining/Energy : JAB International (JABI)

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To: Martin Wormser who wrote (3082)2/26/1998 5:29:00 AM
From: Oscar  Read Replies (3) of 4571
 
Martin, I understand your anger at Lionel and BCMD: we believe they have significant gold value and potential, and I for one cannot escape the conclusion that they have suppressed their own good news either by design or incompetence, as I suggested in my post 3056 (I think it was).

However, you also lash out at Darlene, Charger, and Ie Coan Bie. Darlene and Charger are friends of mine and I am in touch with them daily. I think they are absent from the thread because the company has given us little basis for positive commentary, and the ensuing doubt is something in which many of us do not wish to wallow. I don't think they "hype[d] the crap out of BCMD", but at a time when they were in frequent touch with Lionel, they shared with considerable enthusiasm what was new and substantive in the information he and Jim provided, they reported on trips to the mine, etc. They believed, and they backed it up with dollars. Should they come on now and say "Well, I am not so sure about this after all?" I think they both hope that the company's story and stock price will turn positive again, as do I, even though I have sold off my position for the present.

As I have said before, I appreciate your posts and the fact that you got this thread going. When I spoke with Lionel about my post 3056 he did not deny my scenario, other than to say, "Well, we could not buy back shares unless we were profitable," which of course is a pointed non-denial. People have lost a lot of money on the stock in the past three months, and they have plenty of justification, I believe, for being angry with the company. I suspect that ultimately those who hold on (or buy back in, as I plan to do) will be pleased with the end result, if not the route taken.

Best regards,
Oscar
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