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: Hendri who wrote (17749)	4/25/1997 11:17:00 PM
From: hugh thorne	of 28369

Robert Sherkin and someone else who posted at about 9:15 am have picked up the real story. We know that FCX met with Suharto in the last week. We know that Indo's have increased stake in the last week or so and would kill to raise it higher. We know that Strathcoa have all but finiished initial work. We know that Walsh is still 100% sure of vindication. We know that serious acquirers of BXM have been released of their confidentiality agreements. It is rumoured that FCX will bow out of the JV. It is rumoured that the results are coming up positive. It is rumoured that the bank connected with Hasan has been buying It is rumoured that BXM are ready to higher the lawyers to sue various parties. CONCLUSION: Suharto called FCX into town to tell them they were no longer welcome because they were now likely to have too much ugly luggage in the form of lawsuits. This is not a good way to enter an election regardless of whether you are a dictator or not. Suhato and Hasan get back the 15% they offerred to FCX as they are now out. This is once again a clean deal, no money no mess as Hasan once said. There is now no mine operator so we look to BXM. All right guys, it is now time for you to JV or sell to an operator - leave it to them. Except that again in the spirit of clean deals, it will probably not be an auction, just a deal that finally gets cut. Why this is such a killer idea is that the Indo's get another 15% without negative recourse; had they taken 55% outright from the begining, it would be expropriation, now it is just business. Sorry for the lenght: by the way can't take credit for the answer, a partner of mine figured it out oing before i did !

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