Almost from day one people have been underestimating Bre-X. I would suggest you don't do that. Do you people think that this is the first time that Bre-x has been challenged. There is so much speculation going on I'm taking the liberty of posting this again.
I hope you're all right with this Dusty
To: Jeff Spurrell (133 )
From: Dustbin
Mar 24 1997 4:20PM EST
Reply #134 of 144
Hello Jeff, sounds like good news. Watch those boys at the INDO ministry like hawks.
They tend to slither up on any real find and try to do their patriotic duty (keep the
"goods' safe at home in their pockets.)
A post I wish I had acted upon before they "heisted Bre-x" Note the date: At that
point it was just a feeling I had, like a bad dream. If the get away with one scam, they
will try it again. It is natural to believe that it can't happen to you, to somehow blame
the other victim for the theft (fool left his keys in the car!) When profits appear, take
them and retreat.
Feb 16 1997 8:15PM EST
Reply #5300 of 7860
To Kill The Golden Goose: A possibe outcome, IMO
The Great Busang Golden Goose has not yet laid one egg of her own, yet she has
called in hundreds of her fellows to come build their own nests (with $$$). No one
denies the immediate economic benefits to the land of Said and Sudjana. (Jrs. financed
by world wide high risk investors via Canadian Stock Markets have flocked in to do
what they do best: find ore.) Most will fail, but even in failing they leave a legacy of
hard won knowledge about the geology of thier target properties. Its a tough business,
and even the best sometimes leave without even the shirt on their back. We know and
understand the high risk of exploration, anywhere in the world. We hope for a fairy tale
ending: the discovery of a lifetime! The Golden Goose! One would think "Nothing
could be better for an area than its discovery."
Enter the poachers.
The Indonesian mining officals,(with a compliant press, and not a few "interested
parties" ) have seized the goose by the neck crying "You did something wrong!":
technical objection #1. Timely Shorters (in-group) scoop up golden egg laid by
bewildered investors. Ruffed feathers are smoothed. A more wary goose tries uneasily
to settle on her Busang nest.
"Black" predators are heard, "COW! COW! Faulty COW! Dumb Goose, you don't
understand this politically correct, legally flexible C.O.W. system. ":technical objection
#2, a favourite of lawyers, because only they have the wisdom to make judgements.
Another golden egg deposited for pillagers.
Press Parrots squawk, "Something wrong! Something wrong!" Barrack passes out
crackers.
The poachers arrive piously spouting patriotic slogans, "Let's squeeze this one and take
out all the eggs at once, for the good of the people, naturally. This fat goose must be
served at once! I heard that the supply of them in these forests is endless!!"
Alarmed, the goose rises to defend her nest!....
Three monkeys witnesses, their hands in odd positions, fail to sound the alarm to all the
forest as they usually do. Equally odd, they seem to be wearing Canadian press
passes. They are heard to mutter, "Maybe the predators will be satiated with one fat
goose."
Question: Are you hoping that the predators, unchecked (some say aided) by the
"game warden" will not rob your nest eggs? What calculator can you trust to figure
those odds?
Conclusion: Fly away home! Few seem able to understand the benefits of a healthy,
contented gold laying goose, who hatches only one small egg at a time.
Dust out your eyes.
May this be just a nightmare by Tuesday.
Cheers.
Dusty
Note this was the Monday before the news broke that 55% of Busang had been
taken. Have you heard any of the other players in INDO make a sound?
H. |
