BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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

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To: MisterG who wrote (14540)	4/16/1997 12:09:00 PM
From: nmk	of 28369

IMHO>>>>> I'd say it's about disclosure. As we can see from the content of the lawsuits ALL official company information must be as accurate as possible (given we're only dealing with estimates, anyways.) So... 1) Felderhoff's announcement to shareholders at the annual meeting that there's more than 100+ forces Walsh to issue a press release to say that this is NOT official. so, it only makes sense that... 2) Based on Freeport's drilling-and their chat with Strathcona-Walsh sees that he has to cover the company's exposure to possible lawsuits by issuing that statement as soon as possible. He probably expected there'd be a some stock gyrations, but didn't add deGuzman's death to the equation. I think you'd have to have a seeing ball to have divined what a circus this has all become!!

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