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

To: Martin Wormser who wrote (2897)	2/5/1998 6:23:00 PM
From: Jeffery E. Forrest	Respond to of 4571

Not sure if you guys have read this or not. It's one of those articles by SI members that you can find when you log on. All to often I tend to overlook them. This is a good read about gold. techstocks.com

To: Martin Wormser who wrote (2897)	2/5/1998 6:31:00 PM
From: Lord Smooth	Read Replies (2) \| Respond to of 4571

I can't believe the rosy picture you people paint of the conference call. The CEO was asked several times questions about production figures and outlook and he never gave a straight answer. He was asked about the technical structure of the JV announcement and he didn't mention any of the warrants. Finally it comes to light that BCMD land holding have historically only produced 400,000 tons. And here's the kicker, how many people here thought they were milling 60 tons per day? Weather interference, OK, but they only have 30 tpd production capacity. Seemed to me he answered the questions, but he also left out a lot of information. This seems to be a typical pattern with recent information releases. They release part of information that looks favorable but omit the negative part (like failing to mention initially in their press release that Sterling's added position to 49% would require additional warrants). When analysts from Advest or Needham call and ask for information and get round about answers, they will rapidly lose faith in the company. From the look of the stock price, they probably already have. I thought the call was extremely negative. Unfortunately, I added my position last week on hope of a momentum/hype play. Maybe I will sell maybe I won't. In any case, I deserve to loose money on this investment. Don't take this personally people. Just my opinion, one of thousands. Good luck. S

To: Martin Wormser who wrote (2897)	2/5/1998 7:15:00 PM
From: Bill Galkowski	Read Replies (1) \| Respond to of 4571

<<< Any mention of diamonds?>>> Martin: I heard no discussion or questions pertaining to diamonds except that they had some diamondiferous land. Bill