BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Walter who wrote (27879)	5/7/1998 3:18:00 AM
From: Terry Swift	of 28369

I don't follow this thread so maybe this has already been posted here last month. I just read about it. A class action shareholder lawsuit in Texarkana, Texas (the land of the humungous jury awards, remember Texaco and Getty) was filed some time ago against the Bre-X officers, JP Morgan, Lehman Bros., and Nesbitt Burns. The real interesting part is that Barrick was added to the list of defendents on March 26 on the basis that it knew there was no gold at Busang and kept quiet about it to benefit its stock price. The suit alleges that Barrick was given 135 waste core samples from Busang in Oct/'96 and its tests showed no gold in 130 of them. Based on its tests, Barrick knew Bre-X claims were false, then issued public statements that lent credibilty to Bre-X claims. Now there's some deep pockets for the attorneys to go after. Anyone know anything else about this?

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