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: william smith who wrote (3932)	1/22/1997 6:23:00 PM
From: drumbeat	of 28369

Placer Dome Proposes Equal Merger with Bre-X, yes Equal. Or seriously, were you not aware of that? Of course Bre-X is now considered Blue Chip. Not only that, Lehman Bros. recently issued another buy recommendation raising their target price to $22.($30.CDN) They also predicted that Bre-X's shares would initially drop following the announcement of another of Mines Minister Sudjani's communications, which they did, and then Bre-X's shares would rise, which they began to do today. Bre-X shares would be trading at between $45.($60.CDN) and $60.($80.CDN) today if Barrick had not intervened. Please don't ever forget that. But now, the downside risk has ended for Bre-X, and we can all look forward to a very good spring. Let's get behind Bre-X management and be supportive. David Walsh, and his great team, have taken Bre-X from pennies to $200.($280.CDN) before the 10 for one stock split. And the current price is not that far off. Match that with anybody else's performance anywhere, anytime. Let's keep things in prospective.

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