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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: IngotWeTrust who wrote (24982)5/28/1997 11:37:00 AM
From: Bill Jackson   of 28369
 
I did not pick on you. You identified yourself all on your own.
There is no doubt a core zone that was expanded upon by the salting crews. In that area and conditions it may not be economic until 3-4M ounces are reached.That may never be reached. The indo govt may completely strip BRE-X of any continuing rights there. BRE-X may survive as a shell and do a reverse split to get the shares down to a reasonable number, and may attempt to do further exploration. Will they find any optionable properties?? Who would dance with them? They will have to explore, find and fund a DD by a Strathcona/equivalent before any major will go with them, and they had better have a dutch sandwich holding structure to keep the legions of lawyers off their backs. In fact to really continue BRE-X will have to become an entirely offshore company with each shareholder issued 1 share for every (10-20) they hold. This will allow those who present ADR's or Certs to get their bit of the backsplit corp. All else in this country/USA will feed lawyers, as there is not enough $ to prevent this and Walsh may decied to export the funds to save it and let the parts in Can/USA be devoured.(along with whatever assets he has in his name). I feel it will just fade away as Walsh has better things to do than run a stern chase.
My contribution to the thread are in others pockets, those who sold early due to me, bigdude, etc.Those who gave their money to the thread stayed in through the first fall and the second, as pure gamblers at the end.
It looks like the light is now pretty black, traffic on the thread is now very low. Hope dims, but never dies.
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