I missed it too Joe.
Greetings Fellow BXMer's
Our stock has gone from a short term hold profit to a long term hold/fold.
We have been virtually raped of high risk profits by a corrupt system . Personally I knew the risks so am not surprised by turn of events. I was prepared. I hope everybody else on this thread were prepared as well.
What bothers me most is that the whole process by which this business deal was brokered is being viewed in the investment world as a normal course of events. Our own systems in North America actually appear to be condoning methods applied in formation of the "BIGjv." Our system is fucked up!!
Personally I didn't wait for answers on the morrow. I bailed this morning at a $5k loss to my re-entry price. Giving away 45% of a property that legally belonged to BXM with no compensation was pretty well the last straw for me. I believe long term this company still has huge potential but not at today's #'s. Ole49r,if Walsh has any aces up his sleeve he better table them tomorrow----deep drill results or whatever. If he doesn't we haven't seen the downside for bxm, & even if he does the price will be hard pressed to hold at current levels.
I'll be hanging around the thread for awhile. Will still be looking for opportunities. However have learned a lot about investing in Indonesia. Will be more careful dealing with YRI, IRL, IPJ,BNO, Dayak, etc..
Have enjoyed everybody's company on this thread & have just one question. Could somebody supply me with an e-mail or snail mail address for Greg Chorney?
Copy of note dispatched to Washington Post (probably to no avail) as follows:
Mr Sloan
Washington Post
Editor Newsweek Wall Street
Sounds to me like you could use a little real life drama.
Let me introduce you to an electrifying human interest/greed saga happening right under your nose as I write. The full story reads like a Tom Clancy novel. If you have access to the internet you can get a minute by minute, blow by blow account of events as they unfold. Silicon Investor contains 6000 messages of pertinent data on this story. The story is true yet unbelievable!!! We are actually watching outright theft happening before our eyes AND BEING CONDONED BY THE FREE ENTERPRISE MARKET PLACE!!!!!!!
The story centres around a little known exploration & development company out of Calgary named Bre-x.
THEY DISCOVERED THE LARGEST GOLD MINE IN THE WORLD: BUSANG!!!!! AND THE WORLD IS TRYING TO STEAL THE MINE FROM BRE-X!!!!!!
Other players on this stage involve Barrick Gold, Freeport McMoran, investment firm JP Morgan out of New York, former President George Bush, Former Prime Minister Brian Mulroney, Henry Kissinger & several former prominent members of the U.S. senate, Jim Bob Moffat (CEO of Freeport), Peter Munk ,a law firm out of Texas representing Bre-x shareholders in a class act suit against Barrick Gold & quite possibly Freeport, The Indonesian government, several thousand Bre-x shareholders both in Canada & USA, Reuters & DJ News Services, The Globe & Mail and their relationship with Peter Munk (CEO of Barrick), Muhamed "Bob" Hasan, President Suhaerto of Indonesia, PT Askatindo, etc., etc..
THIS IS A CLASSIC STORY OF THE SMALL INVESTOR PUTTING UP RISK CAPITAL & WATCHING THE BIG PLAYERS BENEFIT BY DOING SUPPOSED LEGAL END RUNS!!!!
I CALL IT AS I SEES IT!!! OUTRIGHT THEFT AND APATHY BUILT INTO OUR SYSTEM.
Regards, Rick McDougall
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