around the traps ... with the ferret

There was a lot that was music to shareholders' ears at the
JUBILEE MINES (JBM) meeting on Wednesday, not the least of which was the
subject of shareholder income.
Executive chairman Kerry Harmanis said the company continued to
be in a strong financial position with cash and receivables at September
30 of $112 million, which was net of the $31.3 million dividend payment
in September.
"This cash and receivable position will continue to build again
until the anticipated March 2005 dividend payment," he said.
The shares rose 10c to $4.47 in the initial reaction on
Wednesday.
However, when investors thought more about the "build again"
they came back for more stock yesterday and pushed Jubilee up a further
26c to a record $4.73.