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: Price and Value who wrote (3921)	1/20/1997 12:25:00 PM
From: Factfinder	of 28369

You have recognised the significance of the letter being addressed to Felderhof as I have. This is a big world with lots of people looking to get return on Investment. Bre-x in the grand scheme of things is a drop in the bucket. You have to remember the Indonesians have the gold in their country. They will have no problem finding replacement Investors and mining companies irrespective of what you might think is going to be a fallout if they dump Bre-x. No prospecting required so therefore no risk to future partners in joint venture. You can be sure that other junior mining companies that are on site now are not going to dissappear but I will bet that they don't take such a high risk approach when dealing with the Government that Bre-x has chosen. One can always learn from others mistakes. You never win when you fight in this environment with the power brokers. The longer the battle the greater the casualties. This is why Hasan is moving in and you can be sure he won't conflict with the other power brokers or cause them to lose face in the process. He has prospered by being politically wise to date and wouldn't risk throwing that away. Since Bre-x is showing signs of being prepared to give away a higher proportion you can be sure they will take it at the least possible cost but they will still control the final resolution as well. Bre-x has no control of their future destiny. It is now a question of how much they will salvage for the benefit of shareholders which in my opinion is diminishing with time. The power brokers will be able to position this with their own people as the right thing irrespective of how they proceed. The wealth in this country is in the hands of very few and the rest of the population is more worried about how to feed their families and not causing problems for the power brokers who also control their destiny. Good Luck

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