To: Alex Abuin ?+!=$$$ who wrote (1396 ) 11/21/1997 11:54:00 AM From: Mr. Miller Respond to of 4571
Oh yes. I agree that BCMD now has to deliver gold numbers, but PR is not indicating this will happen anytime soon. It has been Oct.14th since we have seen anything significant. That press release or any subsequent haven't told us anything about total gold production to date(can they not tell us that they have been mining 60 tons/day of .5 oz.gold/ton?). If PR and BCMD is willing to wait for solid numbers before telling us what exactly they have been mining, we may have to wait for end of quarter. That press release on Monday guessed mining in two weeks, Even PR says that was stupid, since we will all be calling him 12:00 of the thirteenth day. So, we expect nothing for the next 9 days? And then what-press release said that mining would begin by then-they have to create the 3 shoots. I am bearish because the market has told me to be. We are down significantly from the high yesterday, just like the scenario in October, except we now have our JV news. At very worst, we won't hear gold production numbers for another 3 months when BCMD reports. Certainly we will pressure BCMD for updates. When we did this time, we got a joke of an update. According to the conference call, what they reported was supposed to have been done the first 10 days of November. Are we starting a trend of missing deadlines? Like I said before, I just don't know what to make of this movement today. We're back under 1 1/2!! I have my opinions and my brokers have their opinions, and we can read anything we want into the press releases, but the bottom line is, noone, not even BCMD really knows what is behind wall #1 ,#2, #3, and so on till it breaks it apart and assays or extracts the gold. I won't sell till 1 3/8, so I am still willing to hold, but I'm not going to watch all my profits slip away from a penny stock. It's not like this is AMAT or anything. It could fall and stay there. The risk is so great right now. It will be an interesting ride for the next couple weeks. Right now we have given up all gains from yesterday. BID 1 13/32 ASK 1 7/16 My thought was that the JV would add credibility for future stock and company growth, but it looks like people were buying for the short spike we got. How else can you explain falling back BELOW stock price before JV announcement. I expected to settle above that point and not see below 1 1/2 until weeks went by with no additional news. It tells me that most of us think that JV does not mean gold is there, rather more basically that BCMD has money to try and find some. We are still doing well for the year, and I think we have plenty of juice in us. It is just so disappointing to see this kind of movement on such good news. Alex, I shall try to cheer up for this stock. I am already cheery that is nearly holiday time, and I get to see what is most important-family and friends. Miller