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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Miller who wrote (631)10/29/1997 12:36:00 PM
From: Mr. Miller  Read Replies (2) | Respond to of 4571
 
The volume has tapered off this this mornings explosive burst. It is good to have this volume, this activity-it still shows interest. Also, at last check with BID 31/32 and ASK 1, there was a 40 or 50 to 1 ratio of ASK to BID, so it looks like stability has set in for now at the 97 cent level. Classic buy into with the potential for news, and letdown with lack of real substance news. I really thought we would hear something by now. Tech, I think, was playing the odds that it has been so long that surely a news release would come out and push us up to $2. Darlene made a bold prediction to see $10 by Friday. She has no posted in a few days. Look to hear her updates. Perhaps she visited the site herself and will come back with high opinion. Or she is gone?
I do not think this is BRE-X totally, since BCMD has brought up real finds that can be touched, smelled and SOLD. It is, though, a typical hype stock-what I mean is people will hype this stock for their own gain(obviously) and perhaps these desperate attempts to hype by guessing a run to 10 or 2 or 6 or whatever is to try and get knuckleheads to buy so they can get out. You have to find those people on these threads who you deem credible enough to investigate what they say.
A bit of advice to you tech. We( I speak loosely) are not stupid. If you exclaim a news release is coming and we check, and their isn't we lose faith in you buddy. Remember from last week's class about the boy who cried wolf. Ouch, bad thread writer, bad thread writer.
Darlene seemed credible, but in researching her posts, she obviously did not know that the chart reflects post-split data, and thus made the common error of assuming this stock had hit a high of 20-30 DOLLARS. I have made that mistake before, too. Sorry to pick you out Darlene, but I knew you were big enough to handle it. My point is be careful who you trust, and take what you read with a grain of salt. Do you honestly think that anything big about the company would be written here first? That would be insider trading violation. IT IS ALL SPECULATION!! This allows a good conversation to ensue. BUT, remember that people can be wrong, so I say to Darlene, you were wrong about the past highs for her sake and the sake of whatever integrity of the thread may exist. AND then we move on with life.
I have told you before that a news release was coming and it did. I am telling you now that PR has said a news release was in the works and that is it. At least something is coming, but in the works may mean next month. Beyond that, all I know is that they are trying to get JV, as we all know. That the assays done show 2.6 oz./ton of AU and that money is needed to fund exploration of the other mines BCMD has. It is a fact that a reverse split was done in 93 to bring shares down to 3-5 million and now they are back up to 40+million shares(fully diluted). It is a fact that they ARE drilling and have found gold in A remnant pillar. Other things are just speculation. Even speculation exists in the facts,like behind the wall they assayed could be 5,000oz./ton of AU. You never know. This is what we are betting on. A long shot at best, but the fact that a major ore find was publicly announced and investors became interested and have supported this thing is providing hope for us. They are working in a zone that has great potential, but BCMD has to show it or the stock will eventually nosedive. It has been two weeks since the initial teaser news release, and that is plenty of time to have penetrated deeper. I won't bother Lionel again for a few more days to see what may come out. I will call on Monday if nothing has come out to see what is up.

Miller



To: Mr. Miller who wrote (631)10/29/1997 1:10:00 PM
From: Eakole  Read Replies (1) | Respond to of 4571
 
Mr. Miller,

You have echoed my feeling exactly. While it is great to know that BCMD is expanding employee-wise, the hiring employees is merely an indication of intent. But intent is not enough when we consider such debacles as BREX and DELGF. If the intentions of the company to decieve, this is one way to do it. The hiring of employees in no way imparts confidence or support the claims reported gold and diamond finds. . . what I'd like to see is some hard facts as to what was sold to who and the current or what the intermediary balances are.
To satisfy my curiosity I would also like to see photos of the diamonds along with the jewelery grade gold nuggets found in the pillars, much the same as treasure hunters display the discoveries of treasures found in the holds of sunken ships. I'm sure nuggets of that size and quality would interest of every auctioneer in the world. (Sotherby's for example.)
In the light of the stock scams in recent history I know I would do all I could to allay the worst fears of the stockholders that have entrusted me with their money. It is time to stop the hype!!!

Eakole