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


To: Ie Coan Bie who wrote (1463)11/23/1997 1:10:00 PM
From: D.McQ  Read Replies (1) | Respond to of 4571
 
Abi: You are very right. No one can ever do too much due diligence on a stock they own.. People who don't do enough of their own personal research etc never seem to be able to get a real feel for the stocks they invest in. That means they buy and sell at exactly the wrong times and spend a lot of sleepless nights needlessly worrying.

I would like to pass on something that really helps me do my DD on this sector. Most of us who have been investing in this sector for awhile rely very heavily on books to do our DD. I personally use the annual publication Mines Handbook. There is an American edition and a Canadian Mine edition. The books contain many pages detailing the past 5 year Trading Ranges for individual mining companies, Mining Area Maps, Producing Mines, Mine Closures and Suspensions, plus Company Profiles. Personally I find it faster and easier to use these books for my preliminary DD on any mining company. Once you have an overall picture of the company you can then link to the net for more up to date info. (This book has stopped me from investing in many questionable stock such as BREX)

Here are three companies that I can give you links to. The reason I chose these three is because I remember when these were juniors like BCMD. In fact back in October when I mentioned BCMD to my dad, the first words out of his mouth were Royal Oak Mines..(gg) The other two were the first ones that popped into my mind.

quote.yahoo.com
Royal Oak Mines (RYO) 92-93
quote.yahoo.com
Barrick Mines (ABX) 86=88
quote.yahoo.com
Caledonia Mining (CALVF) 93-94

Of course everyone knows this doesn't mean BCMD will do the same but it might help to give everyone an idea of why I felt it was worth putting so much work into my own DD on BCMD.

Darlene