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

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To: Oil man who wrote (19456)4/29/1997 8:58:00 PM
From: strutech   of 28369
 
<I agree that this is not damage control on FCX's part. If anything, they have just bought themselves a guaranteed lawsuit by first stating the results indicated "insignificant" amounts of gold and now saying that those tests were "inconclusive".>

I don't follow your logic. If FCX now either knows, or strongly suspects, that the first statement was WRONG (insignificant gold); then I would think there would be a definite benefit in now saying that those tests were "inconclusive". At the very least it wouldn't do them any harm. I'd call that damage control.

regards , strutech
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