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Gold/Mining/Energy : BRE-X (ANTI-BRE-X CONSPIRACY THEORIES)
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To: alan holman who wrote (17)3/30/1997 1:21:00 PM
From: Steven Brown   of 71
 
Alan,

Here's my 2 cents. I'm gonna buy a couple of thousand shares on
Monday if they open up the trading on BXM. On Thursday the share
price of Freeport went up while almost all other gold stocks got
clobbered. Now think about it, why would Freeport go up if they own
a 15% stake in a purported gold find of the century that all of a
sudden could turn out to be the scam of the century. If anything
that stock should have been a smoker, headed down fast and with
about the same trajectory as an iron thrown from an airplane. In
addition they should have been the laughing stock (pun intended) of
Wall Street, a senior gold company who buys a 15% stake in a gold
field without doing their due dilly - if true stock holders should
send the current management packing with nothing but a couple of gold
pans so they can relearn the basic craft of mining gold. There's also
a rumour of Barrick buying 500,000 shares of BRE-X on Thursday and everyone knows that Barrick has purportedly done their due-dilly on Busang in a very clandestine manner without a whisper of their results. Junior exploration companies obviously can fool promoters and novice investors but to pull the gold(sic) over the eyes of senior producers when hundreds of million of dollars are at stake would be virtually impossible, especially when there's more than one senior involved. Also don't forget about the adjoining producing goldmine pumping out over 400,000 oz. of gold a year, are they salting their tons of ore prior to leaching just to look good and scam everyone out there, I think not. If I can snag some shares under $2.00 I'm in, the blood is running in the streets now and I'm prepared to execute a speculative buy.

Regards, Steve
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