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Gold/Mining/Energy : Jilbey Exploration JLB-MSE -- Ignore unavailable to you. Want to Upgrade?

To: 1king who wrote (213)	6/18/2005 11:55:43 AM
From: 1king	Read Replies (1) \| Respond to of 229

IMO the results to date have been quite good and with such a small float these numbers (confirmed?) can support a higher share price. On a related note, HRG liquidated some more equity on Friday to free up 1.3M (actually 130M in the first public version of the PR!!!!). Personally I hope this is not related to the JLB halt. On a valuation ... with only 150kOz = not much; but blue sky is genuine. It seems to me that majors shy away from these deposits (area and type) but small and mid-size companies seem to have no problem getting them up and running. Without more M&I I doubt a production related story but a productive relationship with a mid-tier producer in the $1.25 (near) and $1.65 (warr.) range would be nice. All spec but the numbers they have been pulling out could not go under the radar for very long ... I think it was a matter of HRG getting some paper straightened away before they (JLB?) let this thing run, although the PR's have been pretty consistent and clear. Still pretty tightly traded and the 30%'ish by HRG won't help price appreciation.