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Loosely inspired by the story of David Walsh and the Brex Minerals mining scandal in the 1990''s, Gold is director Stephen Gaghan''s first wide release directorial effort since Syriana over a decade ago. Unlike that film though, Gaghan didn''t handle writing duties here, and quality may have suffered because of it.
Jan 24, 2017· BreX was a group of Canadian gold producing companies in the 1990s. Based in Calgary, BreX purchased a gold producing property in Busang, Indonesia, in Borneo in March 1993.
Dec 30, 2016· You''re likely unfamiliar with the BreX mining scandal of the 1990s. Gold is counting on that. Like A Beautiful Mind, it''s built itself wholly around a big twist, despite being based on real events which anyone could look, the twist in A Beautiful Mind works because it helps the audience understand how the protagonist can''t trust his own point of view.
John Felderhof, the only executive prosecuted in the BreX Minerals gold hoax of the 1990s, has died in the Philippines, according to his Toronto lawyer. The former chief geologist of the Calgary ...
The BreX Minerals scandal actually happened in the mid1990s. Was David Walsh''s company nearly broke before he "found" gold in Indonesia? Yes. "Basically, BreX was a shell of a company with almost nonexistent working capital," said David Walsh (the real Kenny Wells) in a March 1997 interview.
The BreX scandal of the 1990s threw a long shadow over Canadian mining stocks. A struggling geologist working in Indonesia announced that he had discovered a vein .
BreX and Canadian Mining Scandals The Archived Official BREX website The official website of the company has been preserved by the Wayback Machine which archives a huge number of internet sites. BREX ... An outline of the longrunning Indian stock market scandal of the 1990s by Sucheta Dalal.
A Hollywood movie set for release this week, loosely based on the real life story about how the world''s biggest gold discovery turned out to be the largest fraud in mining history, has investors recounting lessons learned two decades ago. The film "Gold," starring Matthew McConaughey as a prospector on a journey to find gold
Oct 28, 2019· Mr. Felderhof was vicepresident of exploration at BreX when the tiny mining company reported finding a massive gold deposit in the jungles of Busang, Indonesia, in the 1990s.
This chapter explores the 1997 BreX gold mining fraud. We examine the enabling forces around the scandal and analyze Michael De Guzman''s specific coverup strategy. Participants include BreX management, investors, the Indonesian Government, FreeportMcMoRan, Busang villagers and the Ontario Securities Commission.
During that period, the market value of de Guzman''s employer, BreX Minerals, went from nothing to 6 billion. BusinessWeek notes that Wall Street''s top analysts were extremely bullish on the ...
In the mid1990s, the biggest scandal of all time in the mining industry shook public confidence and negatively impacted the industry''s capacity to raise capital. BreX reported a mineral resource of 70,000,000 troy ounces of gold which was subsequently found to be a fraudulent claim.
The scandal caused by the BreX is due in large part because mine swindling is relatively rare today, especially in companies traded on a major stock exchange such as the Toronto Exchange. Unlike many mining swindles in years past, The BreX fraud has been documented in detail. For more information, see one of the books below.
The BreX scandal rocked the mining world in the mid 1990s. A small Canadian firm claimed to have discovered a massive gold deposit in Indonesia, sending its shares rocketing – at the peak, Bre ...
Jan 27, 2017· In 1993 BreX thought they had struck it big. They had core mining samples that indicated a huge gold deposit in Indonesia. Unbeknownst to BreX.
Jan 26, 2017· The BreX mining scandal rocked Canada and the world in the 1990s. Twenty years later, the event becomes just another shiny, empty Hollywood thriller
The BreX scandal is the perfect example of a true fraud that results from dishonest and deceitful business ethics, morals, and principals. The BreX scandal is considered to be the biggest mining and gold scandal of all time, and one of the biggest stock scandals in Canadian history.
The BreX scandal is the perfect example of a true fraud that results from dishonest and deceitful business ethics, morals, and principals. The BreX scandal is considered to be the biggest mining and gold scandal of all time, and one of the biggest stock scandals in Canadian history.
Sep 26, 2017· The BreX Mining Scandal is a cautionary tale of how a penny stock with an initial public offering of just 30 cents per share skyrocketed to over 250 per share on a web of lies. The small mining company, started by David Walsh, came to prominence when a geologist, Michael De Guzman, claimed to have soil samples from a site in Indonesia ...
Jan 26, 2017· BreX goes from a penny stock to a Wall Street favourite. After initial reports surfaced of BreX''s findings, the company''s stock, which had been trading at pennies, began climbing, eventually hitting 280 per share and putting BreX''s market value around the 6 billion mark.
Jan 09, 2017· New film "Gold" and the infamous BreX mining scandal ... A. Block and I were vigorously researching the pennystock fraud phenomenon which took off (again) in the 1980s and 1990s. The scams were predominantly based in specific geographic regions within the, ...
Jan 20, 2017· Gold: The movie about the BreX mining scandal that ''isn''t about BreX'' ''Things like de Guzman''s body being eaten by wild boars . you can''t invent that kind of stuff,'' says one of Gold''s ...
The importance of verifying reserves was dramatically illustrated by the BreX mining scandal in the late 1990s. BreX, a Torontolisted junior mining company with no production, started as a penny stock. Based on reports that its Busang concession contained as much as 200 million ounces of reserves (which would have made it the world''s ...
Jul 01, 2012· BreX''s market cap plunged by a billion dollars To offset this, de Guzman ramped up the amount of gold flake showing up in the core samples, and .
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