SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Jackson who wrote (19974)4/30/1997 3:49:00 PM
From: julius diamond   of 28369
 
1. Your first thought might be that Freeport asked for a due course extension. Why not? It doesn't cost them anything and now they have more time. More time for what?

2. If you were sure that there was not any Gold in the Busang you don't need the extension. Freeport already stated that they would pull out if there was not any Gold. They didn't pull out. They did the opposite; they asked for an extension. At the very least we can conclude that they don't know if there is Gold in the Busang. Given that conclusion, it must also be surmized that there is a high probability that Freeport themselves believe they made a mistake. They may not know how, but they surely don't understand their own statements - "inconclusive".

3. If you are sure that there is substantial Gold in the Busang you need more time to confirm Strathcona's results. See post #19,964 made by Mr. Sherkin.

4. Now the difficult assessment. What if you are not sure there is Gold in the Busang. The indication then, is that you are not sure of your own results. Why are you not sure of your own results? You must possess conflicting results. What do you do? Get an extension to protect a valuable asset.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News