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


To: Frank Brisebois who wrote (3553)4/24/1998 12:09:00 PM
From: Martin Wormser  Read Replies (2) | Respond to of 4571
 
Frank, You are joking? The shaker tables are not there yet? This is BS.

If Sterling is calling the shots, then the price of this stock will do nothing until Sterling gets their cut of the gold.

So if what you're saying is true, for the next 2 years or so, management and workers get their salary and produce nothing?

martin



To: Frank Brisebois who wrote (3553)4/27/1998 1:31:00 AM
From: Lawrence Burg  Read Replies (1) | Respond to of 4571
 
RE: Sterling calling the shots...

A few months back, I was enthusiastic enough to pay $20(+/-) to listen to the conference call, even got to ask a question, which was a little theory I had @ the time. Your comments reminded me.

Namely, that w/o production revenue, the cash was coming from Sterling. Sterling gets a piece of whatever is developed w/their $. So you're Sterling...what do you want your money to do, develop? Or produce?

Also, at the time, and since then, they've generated squat in revenues. Can't say I blame them. If I had $ coming in for ops, and the price of gold sucked, I wouldn't be selling it either. What's the point? Ya keep it 'til the PoG comes back.

Nobody picked up on my thoughts here. And, when I questioned Jim C on the conference call, he stressed that both production and development were being pursued w/equal fervor. I'm still doubtful. The 1/4ly numbers will eventually bear out the truth.

BTW, to all; I see no close >$1 since early Jan98. Does anyone know if the NASD has put them on double secret probation? & if so, when their drop dead date is for delisting?