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

To: Milk who wrote (1409)	11/21/1997 12:44:00 PM
From: Tony C.	Respond to of 4571

The recent price action with BCMD is certainly somewhat disappointing, but the fact is that they have their JV in place and they are going to have the ability to find some more gold. The whole JV thing was just an interim step to finding and announcing more solid gold numbers and that's why I bought the stock at 1 1/4 in the first place. I'm betting that they find some good deposits. The stock has fairly strong support at these levels so the short-term downside risk is minimal while the upside possiblities are huge if they find a great more deal of gold. There is no way I am going to sell at this point and take a small profit when by staying in I risk small to moderate short-term losses vs huge short-term gains.

To: Milk who wrote (1409)	11/21/1997 12:46:00 PM
From: Brian Pastor	Read Replies (1) \| Respond to of 4571

I think that the mining on Pillar 4, which is scheduled to begin in a week and a half should generate some news - at least to let us know what they are finding in it. So no new news is expected for two to three weeks and alot of weak hands are taking profits, an event which feeds upon itself as the smallest move in the stock price translates into significant percentage shifts. I too regret I did not get out at 2 bucks. My opinion is that the stock will slide down to 1.25 on profit taking and general fear. The company could try and stop this with a press release reiterating what it knows about its current finding and what such indications generally mean. I expect that if we knew all of the due dilligence that the Sterling Mining group does, no one in their right mine (mind <gg>) would sell now. I am waiting for it to hit the 1/4 resistence level and then I will back the truck up and buy some more. BP