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Gold/Mining/Energy : JABA INC.(c.jba)

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To: Riverlightning who wrote (664)	12/31/1998 10:05:00 AM
From: MUDMAN	Read Replies (1) of 1044

Jim: Don't get too worked up on days like yesterday - almost no volume. 1999 will be a make or break year IMHO for JBA. At some point I think they will need to raise cash - and will need a higher stock price to do so. A higher stock price will need to have drills turning since that is what makes people excited. Real JV's will be needed and soon to get this process going. Regarding Sullivan: IMHO this property is now a wildcard. The low copper price is making the company take a hard second look at the situation. This could still be a coup is the company can pull it off. The good news is that management owns a lot of stock, the market-cap is about US$3,000,000, the team of geologists is strong, and JABA has some potential killer properties (then again potential doesn't always equal success). My thinking (which I have been backing up with my money buy adding about 200,000 shares over the past 4 months) is that this is a low risk speculation with tremendous upside. Do I wish this thing was CN$0.50 or higher? Sure. But if one believes in the underlying merits of the management (I do) then buying low offers the best chance of success. Good luck. Mudman

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