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

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To: Joe Gun who wrote (7624)3/22/1997 7:20:00 PM
From: Jason Marcotte   of 28369
 
Oh, come on Mr Gun! Shorting Bre-X are you?? Look at the facts. This selloff was caused by an as yet unsubstantiated rumour in a questionable Indonesian publication using an unnamed anomynous source. Put that against the hundreds of holes BreX has drilled, confirmed by the extremely reputable Killborn as well as major mining companies like Barrick, Teck, and Placer. These companies would not have been willing to commit themselves without doing some due diligence. I'm not saying it is impossible that this has been a scam, but the evidence against it is overwhelming. If I did not already have so much into Bre-X I would be a buyer at this point. I am sure cooler heads will prevail next week.

Jason
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