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Gold/Mining/Energy : JAB International (JABI)

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To: DDS-OMS who wrote (3447)4/11/1998 9:39:00 PM
From: Ryan Weisman  Read Replies (1) of 4571
 
A great post for those still willing to engage in wishful thinking; I personally waver from doom and gloom to the wishful thinking arena...

Anyway, since you have heard a lot of my "rotting fish" thoughts, and there are plenty of them around anyway, I'll give my BEST CASE SCENARIO:

Sterling withheld payment on March payment, and during this time Jim engaged in talks with other parties who were interested in the story here. So Daniels steps in late in the month, and forks over March and April at the same time. Meanwhile, Jim had a nice deal from these other parties, was looking at a sizeable strike from the current mines, was hearing good reports from the currently closed mines, and decided to dually ramp up production on the current mine and open up the other mines. Maybe, just maybe, Jim has golden visions greater than ours, and wants to be competing with Newmont and Barricks sooner than later. he certainly has enough properties, and now $$$ flowing from several directions to deal with debt and produce.

What can I tell you, I'm trying to keep my head up.

As Bob Marley said, time will tell, RYAN
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