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


To: Mr Metals who wrote (207)1/26/1998 12:33:00 AM
From: hedger  Read Replies (2) | Respond to of 1044
 
this co. has been hammered the last months from the resignation of it's president sharpe and pressure from maedel's newletter, mid-cap analyst. of course the market can be blamed somewhat and the malaise of metals prices.
the recently announced jv with phelps dodge at hay mtn. and the closing of a couple of other jv's shortly should help. of course money in the bank is a problem so this jv'ing is of utmost importance now. with 22 properties in mexico and the u.s. we can expect more of the same in the future.
mgt is top notch in the geology side but the financials have been obscene. i guess we can't go much lower as every shareholder is now a bonafide loser. will be at the cordilleran round up in vancouver this week and visit with jaba. briscoe, guilbert and alexander will be there so hope to find out more and if it is time to average or bail....hedger....liked the fp article...you are famous...