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

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To: Dave Tan who wrote (17653)4/25/1997 7:38:00 PM
From: Turk   of 28369
 
Dear Dave Tan: Regarding Felderhoff in Perth, Australia. I was given similar information. I was told he was present during lab testing and had made himself available to ensure that Bre-x methodology was duplicated. Indos apparently were present as well. Unfortunately, my source on this one will remain anonymous. Hesitated to post this one until I saw someone else with similar "information".

By the way, for what it is worth, I followed the market action from about 3:20 to 4:00 p.m. Unless you were in there with a stop loss or a buy order way off market price, no way could you get in. It was once again too quick to call unless you were a floor trader. Action from $3.50 to 2.50 was mere minutes before sailing up to around $3.00. BSR held briefly above $1.50 then collapsed to $1.10 -1.20 before settling between 1.30 and 1.45. I thought it was flipper action before the weekend, but I find it incredible (too incredible) to believe that the type of people investing in BXM could be frightened off by ANY media report. Especially a one line by line. Recovery before the weekend in the face of this sort of instability must be interpreted as a "reasonably" good sign. Another source told me that Bunting Warburg was in like a shark in this last half hour buying up hundreds of thousands of BSR (3-4 I believe). Can anyone confirm?

Once again, please folks, some sanity on the thread. Try, please try to post news, thoughts, analysis, and avoid personal banter. Too many posts of little to no consequence. That is what e-mail is for. Apologize for sermon but the next week is critical and we should be on our best behavior. I am convinced that we are more accurate and timely than any news media out there. I am amazed at this thread's experience and brain power. Let's just not let the egos get in the way of our doing a good job and service to those who both lurk or post.
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