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


To: LarryL who wrote (2477)1/4/1998 7:16:00 AM
From: D.McQ  Read Replies (1) | Respond to of 4571
 
LarryL. I think your questions are very interesting. I hope you will call Lionel and share your answers. I have checked on the jeweler's gold in Pillar 1 and was told that they had some left but that was awhile ago.

Message 2967662
From Gary Bagg's Post #2216 I assume they sell the gold when they have a certain quantity and I know there is a ready market but I have never checked on the exact procedure.

I thought it was interesting that Gary thinks BCMD carried the gold they produced last quarter over to this quarter. They will be releasing their 4th Quarter financials and we know these financials will be very good. I feel just the $9million JV financing will remove anything negative. The out of date financials are the only reason I think we are still trading where we are.

I am so pleased we sailed through Tax Selling season with a bottom of $1. December is very hard on the mining sector and the stocks really test their lows. That means we have an excellent spring board for 1998. The next three months are usually the best months of the year for this kind of stock.

Darlene