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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (133)	11/7/1997 5:02:00 PM
From: MUDMAN	Respond to of 1044

Alex: The press release says it all. Looks like (my speculation) that the board was displeased with the pace of progress. It looks like (as hedger alludes to) that they wanted a different direction than the one Mr. Sharpe was leading them. Sounds like management wants to pick up the pace on their jv's. In any event one buys these jr's for the leverage of management's expertise. The reason I bought JBA is John Guilbert. As someone who made out very well with AQP I think he is as good a person to bet on as any; plus insider holdings are very high. In fact I bought more today at cn $.38 bring my avg. cost to CN$1.50. I view this season (as painful as it is) is an opportunity to buy. Look at Cross Lake and Donner. If a jr. hits something the market will respond. The time to buy is when no one is looking. And right now no one's looking! Mudman