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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: william smith who wrote (26716)9/12/1997 9:19:00 PM
From: Adrian du Plessis   of 28369
 
Yes, that was an interesting day -- April 23 1997. Nesbitt brokerage offices were spreading the rumour that Jim Bob Moffett had resigned, adding another smokescreen was David Walsh who was announcing on that same day more great perviously unreleased assay results from Busang. The Globe and Mail the next day (April 24) falsely attributed the stock price run-up to Moffett rumours on the internet. The Financial Post wrote about the Bre-X assays. It was on SI that the most accurate story came out -- the rumours were identified as having coming from brokers (who were also spreading the b.s. that Suharto had apologized to the Bre-X boys for the mixup) and the Moffett resignation was quickly debunked. I know the first Bre-X book puts forward the same false version of events as were carried numerous times in the Globe and Mail newspaper (and other journals). I'm anxious to find out how the Diane Francis book approaches this element. I posted the SI version in a discussion thread on Windsor Gold as well as on my web-site months ago. It wasn't clear to me from the the interview I saw a week or two back on Pamela Wallin Live (a Canadian tv program) just how the role of the internet was going to portrayed in this latest Bre-X tome. It's encouraging that the public will learn of the identity of mikesloan/Merrick Walsh and others -- all toward a more level playing field. And that's hopefully, the real name of the game -- bringing greater fairness to public investment.
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