JAVA GOLD Message Board - Msg: 15183815

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Gold/Mining/Energy : JAVA GOLD

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To: Bobby Yellin who started this subject	1/15/2001 10:38:15 AM
From: robingrayson	Read Replies (1) of 121

Ealy link with Bre X players uncovered. Having crossed all the t's and dotted all the i's in my investigation into Java Gold Corporation, out comes an early link between the Armand Beaudoin (JVAG's last CEO) with the players in the Bre X scandal. "Mr Feldorf subsequently roamed around between Australia, Canada and Indonesia until 1991 when he and Mr de Guzman hooked up again with a new Indonesian exploration group called PT Minindo Perkasasemesta. Established by Canadian financier ARMAND BEAUDOIN, Minindo was the first junior mining company to be publicly traded in Indonesia, and it boasted a high-profile board of directors including Sukharto's brother-in-law. The company was delisted in 1993 by Indonesian securities regulators when it was discovered that Minindo had filed false reports." source: albertareport.com It would be interesting if anyone can shed light on the Minindo company. It would seem that Felderhof was General Manager and that Busang was originally a Minindo property (see: www.baystreet.com/deliotte/brex-15.html). It seems that the seeds of BRE-X were sown in Minindo. Assuming the 1993 delisting of Minindo by the Indonesian securities regulators was valid, then it would have reduced the risk of the BRE-X scandal and the JVAG rip-off considerably if the Canadian authorities had either a) barred the officers and directors of Minindo from being officers or directors of Canadian public companies or - maybe better - required all such appointments to make a note of the Minindo ruling of the Indonesian authorities (a sort of health warning). Or am I just being too global in my thinking in not believing that Canadian regulators can satisfactorily protect investors by restricting their attention to Canadian rulings against Canadian companies? Maybe worth some lawyers looking at - and who were the officers and directors of Minindo at the time of the delisting? This revelation is helpful to remodelling Canadian legislation for protecting stockholders from the juniors who operate on the global stage. Meanwhile efforts to relaunch crippled Java Gold are continuing - see www.placersoftheworld.bizland.com for the 2 downloadable reports that give the justification. Robin Grayson General Director Eco-Minex International Co Ltd emiweb@magicnet.mn

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