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Gold/Mining/Energy : Legal resource, BRE-X references.
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To: Adrian du Plessis who wrote (35)7/23/1997 1:32:00 PM
From: Adrian du Plessis   of 58
 
The bottom line is that private investigators act on the instructions of their client. Do you believe David Walsh will put your interests first in directing the Bre-X investigators? Surely if he's truly committed to seeing this matter solved he can have no objection to stepping aside for the duration of investigations. Only if those looking into the Bre-X swindle are free to turn over all stones and are guided by a party who has no vested interest (i.e. they are not a defendant in numerous court actions) can there be some assurance that the truth will become known. Then if Walsh is a saint, there can be a ticker tape parade for him in Calgary. (There may even be some confetti left from Larry Ryckman's last Grey Cup party.) If he's a sinner, then he certainly is the wrong guy to have in place at this critical juncture. The investigative teams in place now can do the job -- it's really a question of what job they are asked to do. Shareholder advocates D. Clarke, and Greg Chorny, together with lawyers like Harvey Strosberg could make it collectively known that no more shareholders' money should be spent on investigations that are not directed firstly in the shareholders' interest. Having Walsh and any of his associates step aside in favour of a shareholders' representative may be the only way to ensure that these very expensive private investigations aren't misdirected and result in Bre-X/Bresea/Bro-X investors getting burned yet one more time.
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