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

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To: bigdude who wrote (7068)3/11/1997 6:35:00 PM
From: bob bundy   of 28369
 
If you've only been following the play for two years then you are still a babe in the woods you moron.

There is nothing in the article you refer to regarding a conspiracy by the media that worked in conjunction with Barrick. You Bre-x lovers make me puke. Bre-x is a junior mining company despite the size of the ore-body found. They do not have the expertise and connections to play against the big boys. They were simply out manouvered by larger companies with better political connections. And it would not have happened if Bre-x had been a little more on the ball in their dealings in Indonesia in the first place.

Since the deal with Freeport Bre-x lovers are spouting what a great deal it was and how management performed for the shareholder. The deal was orchestrated by Hasan and I doubt that Walsh had much choice. The governmnent certainly approved it quickly after it was announced which would suggest that the government knew about it from the beginning.

Face facts the stock is done. It will be a cash cow when production begins. Other than that there is nothing exciting about this stock anymore.

Ignorance is bliss and you seem to be quite happy bonehead.
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