To anyone who is still deluded about Bre-x:
I LIVE IN TORONTO AND RUN WITH THE IN CROWD WHO FINANCED BRE-X 3 YEARS AGO. I'M NOT TALKING ABOUT THE BROKERS, BUT THE PEOPLE WHO REALLY BACKED WALSH AND FINANCED HIM INTO INDONESIA (THAT'S RIGHT - PAT SHERIDAN AND STAN HAWKINS ET. AL. - I BET MOST DON'T EVEN KNOW WHO THEY ARE). THE BOTTOM LINE IS THIS:
1. WALSH DIDN'T START THIS TO COMMIT A FRAUD, HE GENUINELY BELIEVED IN THE DISCOVERY AND PROBABLY STILL DOES TO THIS DAY, BUT HE PARTIES TO MUCH. HE PUT ALL HIS TRUST IN DE GUZMAN AND FELDERHOFF, THEY'RE THE ONES THAT RAN THE SHOW. DEGUZMAN SURROUNDED HIMSELF WITH HIS PHILLIPINO GEOLOGIST BUDDIES ON BUSANG AND KEPT EVERYONE AT BAY. PLACER, BARRICK, TECK, NO-ONE TOOK THEIR OWN SAMPLES, THEY ALL USED ONES DEGUZMAN GAVE THEM.
2. THE GUYS WHO FINANCED WALSH GOT CAUGHT OFF-SIDE WHEN THE STOCK COLLAPSED BECAUSE THEY KEPT GETTING THEIR INFO FROM THE WALSH END. NOW THEY'RE CERTAIN OF WHO DID WHAT AND HOW IT ALL CAME ABOUT AND THEY ARE SHORTING BRE-X TO THE MAX THIS WEEK BECAUSE THEY KNOW WHEN THAT STRATHCONA AUDIT COMES OUT ON MONDAY OR WHENEVER, IT WILL SHOW THAT BRE-X FOUND THE HOLE IN THE DONUT (IF YOU CAN UNDERSTAND THAT)- THERE IS ABSOLUTELY NO GOLD IN THE HARD ROCK IN BUSANG EXCEPT FOR WHAT DEGUZMAN AND HIS GEOLOGIST BUDDIES PROBABLY PUT IN THERE FROM THE ALLUVIAL RIVER SOURCES (HENCE THE ROUNDED GOLD PARTICLES).
3. IF ANYONE IS LONG THE STOCK INTO NEXT WEEK, IT'S PROBABLY BECAUSE THEY LOVE TO GAMBLE OR JUST REFUSE TO BELIEVE THE TRUTH - THEY'RE STILL REMEBERING THE PAST WHEN PEOPLE WERE TALKING 10'S OF MILLIONS OF OUNCES.
4. WHEN BRE-X CRACKED $19.00 SUPPORT FOR THIS LAST TIME, IT WAS THE INDONESIANS (THE BIG MONEY BOYS) THAT WERE SHORT SELLING IT DOWN TO $15.00, AND BARRICK AND ITS SUPORTERS DUMPING AT THE SAME TIME, BECAUSE THESE PEOPLE HAD CONTACTS, RIGHT TO THE HEART IN INDONESIAN CIRCLES, THE MINING MINISTRY, AND TO A FEW OTHERS.
5. WHEN FREEPORT TOOK OVER DEGUZMAN AND BOYS COULDN'T KEEP IT SECRET ANY LONGER, AND THE CRAP STARTED TO LEAK OUT, THEY KNES NOW IT WAS A MATTER OF TIME. HE WAS PROBABLY KILLED BECAUSE WHEN INDONESIAN BIG MONEY (B.H.) FOUND OUT WHAT WAS GOING ON THEY WERE ON THE WRONG SIDE, THEY DUMPED EVERYTHING, B.H. DREW DOWN $400 MILLION ON A LINE OF CREDIT AND SHORT SOLD THE HELL OUT OF IT (HENCE THE RUMOURS OF MASSIVE OFF-SHORE SHORT POSITION BUILDING.
6. WHEN THOSE RESULTS COME OUT, IT'LL SHOW THERE'S NOTHING ECONOMIC THERE, THE STOCK WILL COLLAPSE, AND MAYBE SOME OF THESE INSTITUTIONS AND OTHER WILD GAMBLERS WILL LEARN SOMETHING OUT OF THIS.
I COULDN'T CARE LESS IF NO ONE BELIEVES ME, IT'S NOT A LONG WAIT NOW.
P.S. I'M NOT SHORT OR LONG THE STOCK.
THE TRUTH IS OUT THERE
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