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

To: Gib Bogle who wrote (28309)	7/31/2007 4:47:20 PM
From: IngotWeTrust	Respond to of 28369

VERDICT IS IN: NOT GUILTY Felderhof ========================================== Bre-X's Felderhof found not guilty Peter Brieger, CanWest News Service Published: Tuesday, July 31, 2007 TORONTO -- Former Bre-X Minerals Ltd. geologist John Felderhof has been found not guilty of insider trading and issuing false press releases, a decade after the company was exposed as a massive fraud. Mr. Justice Peter Hryn cleared Mr. Felderhof of all eight charges laid by the Ontario Securities Commission in May, 1999. Regulators allege Mr. Felderhof sold $84-million worth of Bre-X stock based on information not disclosed to the public. He was also charged with four counts of issuing false press releases, which reported growing gold reserve estimates. "I find Felderhof has proven he took reasonable care," Judge Hryn told a Toronto courtroom. Bre-X, a one-time market darling, collapsed in the spring of 1997 after its Busang property was revealed as a fraud, erasing more than $6-billion in shareholder value. At its height, shares in the Calgary company climbed above $280 as investors latched on to reports the company's mine contained a startling 50 million ounces of gold. Mr. Felderhof, who lives in Indonesia and did not attended the trial regularly, faced jail time and millions of dollars in fines if convicted. Joe Groia, Mr. Felderhof's lawyer, *argued that Ontario's securities regulator could not prove Mr. Felderhof knew the mine was a fake, considering some of the world's top geological consultants initially signed off on the property.* The OSC answered that argument by saying it didn't have to prove Mr. Felderhof is guilty beyond a reasonable doubt -- as in most criminal trials. Instead, the OSC set out to prove Mr. Felderhof fell short in his duties as an officer and director of the now defunct company. The Bre-X geologist is the only person who has ever been taken to trial over his alleged role in the fraud: Company founder David Walsh died in 1998 and geologist Michael de Guzman, who was suspected of masterminding the gold fraud, allegedly threw himself out of a helicopter over the Indonesian jungle in 1997. Last year, reports surfaced that Mr. de Guzman may be hiding out in Brazil. Mr. Felderhof was also the one who gave final approval to various press releases touting the amount of gold at the mine, the OSC said. Ontario's market regulator said it is "not an unreasonable burden" to make company officers and directors responsible for material information that is released to investors. © CanWest News Service 2007 ======================= Rest in Peace, David Walsh. Now maybe the boys, Brent & Sean, and the now widowed Mrs. Walsh, can actually close this chapter in their lives. As Bug's Bunny would say....THAT'S ALL, FOLKS! G_T

To: Gib Bogle who wrote (28309)	7/31/2007 5:00:35 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 28369

Dear Glib Bogle, PhD mathematical modeller extrodinaire. It is my distinct pleasure to respond AGAIN on this matter, and set the record straight, AGAIN. (BTW...it should be noted you've changed your name since 10 years ago, and I'm still here and still visible and obviously an easy target for whiners and soreheads and other malcontents. ) Apologize for Bob Johnson buying Bre-X under C$3 and then getting Claud Cormier into Bre-X shortly above that level? Apologize for buying BRE-X at US $105 the first time due to Ken Benes' enthusiasm for this stock, and then taking Profits before just 3 dollars shy of the Canadian top before the collapse because Ken Benes warned me all was not well at Bre-X and he'd already left the party???? Apologize for investing in BreSea with the tax free dividend, and then Selling Sasamat at a profit about 8 years later???? Apologize to some anonymous egoist called BigDude? WHATEVER FOR? I don't see you guys busting Benes' chops for your personal behaviors. So why be a clutch of whining wussies and bust mine? Jealousy? Don't like "girls?" 10 years later and you are still trying to pass your greed and irresponsibility off on to me? Bet it will be the same behavior 100 years from now. And whose fault will THAT be? What a crock! I told when I bot Bre-X, AND!!!! I told when I sold Bre-X. You guys were also lucky as to have a believable and generous world travelled, world connected Ken Bene's in your lives. He was here on SI back then, posting regularly for all to see as well on this Bre-X thread. You could have CHOSEN to act in a similar manner. Yes, Ken's public Bre-X postings were there for all, even Big Dude whoever the hell S/HE is to read and heed should you have chosen to do so. Y'all need to memorize this old maxim: "He who buys on Smith's tip, sells on Smith's Tip" GOD BLESS YOU, KEN BENES. AGAIN! All you whiners still scapegoating after all these years have done is to PROVE it takes a far greater skill to sell into strength than to buy and be indecisive such as you brag about in your SI Profile as of this date: July 31, 2007... ========================= Gib Bogle Date Joined Mar 18 2000 User Level Posts 3404 Boards Moderated 0 PeopleMarks 24 Bans Issued 0 Ignored By 20 Bans Received 1 Personal Information Occupation/Title: Mathematical modeller Age: 58 Location: New Zealand College: Auckland University Degree: Ph.D. Favorite Stocks: Metals Investment Style: Be lucky Investment Experience: 18 years Quote: I used to think I was indecisive. Now I'm not sure. ============== HowEVER did you manage to snag a PhD with your poor discipline and inappropriate blame shifting and immature behaviors? Proud and unbowed & forever grateful for my good fortune in Bre-X, BreSea G_T