BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

STOCKTALK

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: alan holman who wrote (34)	6/27/1996 1:11:00 AM
From: (no name provided)	of 28369

Alan, I have no idea other than that people have been exspecting the 40m oz. The stock may have already discounted to that number as well. Another thing is that the major brokerage houses in Canada will be ending their fiscal year book this June. This may have attributes to all the selling in the VSE/TSE. Hang on because their only 2 days left this month. Hopefully this will end the selings. Here are some postings from Prodigy BB. There seems to be more but on another subject and I could not locate them at this moment. The posters are posting from one subject to another since many of them and in jr. minings. ===================== Board: MONEY TALK Topic: STOCKS A-M Subject: GOLD-BRE-X To: BHRB43A Kenneth Benes Date: 6/23/96 From: LPGZ73A Dennis Charpentier Time: 2:59PM ET I have also read the latest Doug Casey "June" newsletter. The fact that he removes a company from his list is not an outright sell (especially a company like Bre-x or Bresea resources) but just "housekeeping". He does take the attitude that once it's off his list it's at your own risk. But risk is what investing in these comapnies is all about. His cautious heed on Indonesia or it's government. Is the same sort of warning given by the latest Kaiser report on Indonesia. Casey's thoughts on Indonesia is no Indonesian has benifited from Bre-x fortunes and "envy" could become an issue... I have done well in his past picks and most recently his new buy for Golden Bear which trades on the vancouver V.GB. I hoping it continues its recent runup. It seems that they have exceptional drill results on their first attempt. Also metioned Delta gold. It's also had a good runup. Hoping the best for everyone. Dennis ======================== Board: MONEY TALK Topic: STOCKS A-M Subject: GOLD-BRE-X To: LPGZ73A Dennis Charpentier Date: 6/23/96 From: BHRB43A Kenneth Benes Time: 6:41PM ET Dennis: When investing outside of the US there is always the potential for political risk, Indonesia is no exception. This country is growing dramatically and even though strains are beginning to appear in their social structure, Indonesia remains one of the most favorable places for natural resources companies to do business. For over 30 years they have honored ever single committment they have made through their COW's(contracts of work) and their is absolutely no reason to believe this is going to change. Bre-x is not the first mega find. You have FCX, RTZ, and a host of energy companies that have holdings equaling or exceeding the size of Bre-x. Believe me Indonesia is not blinded by the Busang as have many Canadian and American investors who have missed a boat and what is probably going to be the largest single gold deposit. Ken ========================= Board: MONEY TALK Topic: STOCKS A-M Subject: GOLD-BRE-X To: BHRB43A Kenneth Benes Date: 6/23/96 From: LPGZ73A Dennis Charpentier Time: 10:05PM ET Ken, I agree with some of your thoughts on Indonesia. I saw the light back in November of 1995 and purchased over 10 different companies that were staking in Indonesia. I have since sold all but three. My concern is with Indonesia is the latest Kaiser bottom fishing report he raised a valid point of a company called Yamana who has until July 16 to get half of their money back from a bond that they put up when their COW contract was penned. This company is starting to sweat it out for theh have yet to date have received not one single piece of paper from the government. Kaiser as well as other companies in the same situation are watching what develops here. Doug Casey's newsletter had also a cautious note. It will be interesting how everything develops on this matter Dennis

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