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Gold/Mining/Energy : CELTIC MINERAL RSCS (CA:CME)
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To: De Nardis who wrote (131)3/29/1997 1:30:00 AM
From: PACC   of 161
 
Of course i cant say for sure but i doubt CME will go down much more mabye .5 cents or so maybe? Id rather see it go up even if it was a buying oppurtunity. (i hate being in the negative even on paper).

As for Bre x I think they have more in the ground than insignificant amounts of gold but who knows for sure maybe only the gold knows right now. I do not own bre x or ever have but from what i have seen in the past when a company is caught in a "scam" it is pretty rare that they would come out and say they are going to prove otherwise, (that they really do have a large gold find) The majority of companies and those involved in it usually climb under a rock some where and wait for the lawsuits to roll in. Now Bre x has said they have a gold find and are going hire an idependent company to confirm it.
I wonder:

1. Why would Bre x go to this trouble of hiring independent analysts when the damage is already done and if they know that nothing is there?
2. Why were large experienced companies (Barrick, Placer Dome) ready and willing to start the bidding on this find without solid prove?
They did not become large successful companies by paying billions of dollars to scam artists.
3. How could this "scam" be carried on so long with so many eyes watching?

Those are some of the questions that have me confused over this whole fiasco. There is evidence that points to a "scam" but there are also things that contradict the anatomy of a "scam". Everyone will have an opinion on this and this is only an opinion. Im not saying im wrong or right just a bit confused. How about you?
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