Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hedger who wrote (139)	11/22/1997 2:13:00 PM
From: David Culver	Respond to of 1044

Does anyone know does Mendeal still talk about this stock. He used to give it a gloying recommendations. I thought the change in management was good but i guess most do not see it that way. Dave

To: hedger who wrote (139)	11/22/1997 2:24:00 PM
From: MUDMAN	Read Replies (1) \| Respond to of 1044

Hedger: Certainly what is going on with JBA's price is distressing. However, if you own or follow any other jr resource stocks out there you will see a similar price action: they have gone "no bid". Right now is the height of tax loss selling. Combine that with $305 POG and you get an ugly picture. I personally have a lot of pain in JBA. I own a SLUG of it at CN$1.50. The only good news here is that I will soon have held it over 18 months so I get the lowest US cap gains tax rate...if that matters. I agree old Neil has been silent on this one. It would be nice to get an update from him. What I do know in talking with the company is that they seem committed to nailing down jv's on most their properties. I believe that is the reason Mr. Sharpe resigned - impatience with the speed of jv negotiations. I am also comforted that a large % of the shares (I think +- 30% - someone please check me on this) are held by insiders. The reason we buy these companies is their management. John Guilbert is a legend. The two former Arequipa guys (Hall and Ideiziek) aren't there because this stock is worthless. They are smart fellows who I bet are involved because they see 10 to 1 upside. I do not know what the future ultimately holds for JBA. They may go belly up, who knows, but this is a risk in all jr resource stocks. There is a saying that the best time to buy is when the blood is running in the streets. Well blood is pouring out now. I think that there is little further downside in jr's at these levels. Absent JBA going belly up (I don't think its gonna happen considering the insider holdings and management) its a great spec at CN$0.28. Keep the faith. Mudman