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

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To: clifford atkin who wrote (14190)4/14/1997 11:24:00 PM
From: Maher Sid-Ahmed   of 28369
 
Clifford, you are right I do wish Bre-X would respond to the Northern Miners article. They have been caught contradicting their own statements before, so there is nothing new there. There are many theories around. Which one wins in the end? We will know when the results of the independent assaying are announced in two to three weeks. I found no trouble contacting Bre-X and I was able to talk to their investors relation officer. He answered some of my concerns, but it still boils down to a wait and see strategy. In three weeks either the stock climbs to $10 or more or drops to much less than what it is now. I just wish the TSE would have waited until a complete investigation of the Busang mine was carried-out before resuming the trading of the shares. This could have avoided the sudden crash of the share price and the subsequent financial strain that many Bre-X investors were subjected to.

Maher
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