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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Terence Mitchell who wrote (11693)4/5/1997 11:52:00 PM
From: Peter T.   of 28369
 
Hi Terence

>I have undertaken many studies in my life, too many by far and I
>assure you that if anyone ever asked me for results before my Study
>or "due diligence" was incomplete would get a standard pat answer. In
>other words I stated diplomatically that they should await the final >results, although my mind was saying @1%&##off. I cannot understand
>F-M's early release of information, in my profession I would be
>censured for such action. I have noticed however, that ethics,
>civility, professionalism and other such words do not exist in this
>particular unfolding story.

Question for you:

Do you agree or disagree that the fact that, Freeport's results were not even CLOSE to what Brex had stated, to be "material information"?
If you agree, then do you feel it would have been appropriate for Freeport to "sit" on material information for four weeks while they did further testing. I think the SEC might want Freeport to release any material info asap, don't you?
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