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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: darko who wrote (27810)3/26/1998 10:24:00 PM
From: alan holman  Read Replies (1) of 28369
 
To: +william smith (26720 )
From: +Adrian du Plessis
Friday, Sep 12 1997 9:19PM EST
Reply # of 27815

Yes, that was an interesting day -- April 23 1997. Nesbitt brokerage
offices were spreading the rumour that Jim Bob Moffett had resigned,
adding another smokescreen was David Walsh who was announcing
on that same day more great perviously unreleased assay results from
Busang. The Globe and Mail the next day (April 24) falsely attributed
the stock price run-up to Moffett rumours on the internet. The
Financial Post wrote about the Bre-X assays. It was on SI that the
most accurate story came out -- the rumours were identified as having
coming from brokers (who were also spreading the b.s. that Suharto
had apologized to the Bre-X boys for the mixup) and the Moffett
resignation was quickly debunked. I know the first Bre-X book puts
forward the same false version of events as were carried numerous
times in the Globe and Mail newspaper (and other journals). I'm
anxious to find out how the Diane Francis book approaches this
element. I posted the SI version in a discussion thread on Windsor
Gold as well as on my web-site months ago. It wasn't clear to me from
the the interview I saw a week or two back on Pamela Wallin Live (a
Canadian tv program) just how the role of the internet was going to
portrayed in this latest Bre-X tome. It's encouraging that the public will
learn of the identity of mikesloan/Merrick Walsh and others -- all
toward a more level playing field. And that's hopefully, the real name of
the game -- bringing greater fairness to public investment.
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