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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Wayne Barrick who wrote (22882)5/5/1997 8:49:00 AM
From: Ray Fidler   of 28369
 
To All: All public companies must have their financial statements audited. It is now time for the regulatory authorities to start getting mining companies' assays audited. It is also time that our mining industries toughen up regulations the way the Australian mining industry has done. They should look at Australia's example.

North America has a long way to go in order to prevent scams. I am also dismayed at the shorting that is going on. I think shorting stocks should be stopped. Since the baby boom theory indicates that investments will be a big thing in the next 20 years it is time that we toughen up the investment regulations to protect the innocent investors.

I sincerely hope the Canadian mining industry will not go into a bear market for several years because of Bre-X. I believe the Australian mining industry went through tough times in the 1980's because of a nickel scam that occurred there.
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