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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Nugget who wrote (8081)3/26/1997 11:51:00 AM
From: Goldberry   of 28369
 
The thought occurs to me that Bre-x should be spending some of the cash they have to pick up as many shares at present level as possible for the following reasons. Isn't this what good management does when there stock is cheap.

1) It tells the world how strongly they disagree with the markets concern over the validity of the resources.

2) If they need some money in the future for exploration they can always do a private placement through whatever sub they wish to use for the exploration. I would suggest Bro-x for instance as it might perk this stock back up to the $5.00 level.

Come on Mr Walsh its time to be active not reactive. One of my criticisms of Management has been that they seem to waffle and be constantly behind in reacting to market influences. Possibly this was because of all the time needed to put out the Indo fires that kept disrupting them but the deal is done so lets start adding value to this stock in creative ways.

Graham
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