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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. -- Ignore unavailable to you. Want to Upgrade?


To: scaramoucheone who wrote (28259)2/12/2005 11:44:45 PM
From: scaramoucheone  Respond to of 28369
 
What's with this trial that has been going on in Ontario for several years now, where John Felderhof, the Bre-X Vice-President and geologist who oversaw the geological aspects of the company, has been battling it out with the Ontario Securities Commission over insider trading?

Is insider trading that complicated?

I thought all you had to do was produce the trading records of a person's stock transactions, and compare them to what the person reported as an inside trader, do a comparison, and then you have your answers. Either inside trading took place or it didn't. The trial though, seems less about insider trading, and much more about the entire Bre-X operation.

Very bizarre.

And another interesting and perhaps significant aspect to this whole amazing Bre-X saga is that not one of the various authors who wrote books about Bre-X, ever entertained the possibility that the Indonesian Royal Family, or at least a member of the former Indonesian Royal Family, was behind the project from the beginning.

How come?