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Apr 16, 2019· Traveling up the Bata Lu Ung river for fishing and fun in March 2019. While in my twenties, I bore witness to what would become the greatest mining scandal of the 20th Century — BreX — a Canadian junior mining company that claimed to have discovered the largest gold .
BreX scandal haunts former president even at death June 5, 1998 Web posted at: 5:15 EDT (0915 GMT) TORONTO (Reuters) David Walsh, the maverick Canadian mining promoter who died in the ...
Gold: The movie about the BreX mining scandal that ''isn''t about BreX'' Sunny Freeman | January 20, 2017 It has all of the elements befitting a classic Hollywood tale: mystery, adventure, treasure, greed, corruption, betrayal, exotic locales, plot twists and . gold.
Egizio Bianchini, stock broker and one of Canada''s top gold analysts, said "What most people are now realizing is that BreX has made one of the great gold discoveries of our generation." The Timeline: 1989: David Walsh founded BreX Minerals Ltd. in 1989 as a subsidiary of Bresea Resources Ltd.
BreX Minerals Ltd. ("BreX") was a junior Canadian mining company based in Calgary, Alberta. David Walsh incorporated BreX in 1989, and it was listed on the Alberta Stock Exchange. BreX remained .
Mar 11, 2019· BreX''s fake gold mine. In 1989, Canadian businessmen David Walsh founded the BreX mining company, which would find itself at the centre of a scandal so infamous it inspired the 2016 film 1993, the company bought land near the Busang River on the Indonesian island of Borneo on the recommendation of geologist John Felderhof, and within a year, the company had struck gold, .
Oct 28, 2019· Gold: The movie about the BreX mining scandal that ''isn''t about BreX'' John Felderhof, the BreX geologist who played a central role in one of the biggest stock market scandals in Canadian ...
Jan 26, 2017· It''s often been said that the story of Calgary''s BreX Minerals had all the makings of a Hollywood script: gold, love, betrayal and mystery. Two decades after stock .
The Busang gold scandal will likely scare off investors from smaller mining companies in the near term, investment advisers said. But they predicted a healthier mining sector will emerge after Bre ...
Jan 09, 2017· BREX MINERALS LTD. was a small Canadian gold exploration company that committed the world''s biggest mineral stock fraud in history. BreX became the star of investors in the gold industry after it announced a major gold deposit discovery, perhaps the largest ever discovered, in properties it was mining .
The collapse of BreX cast a cloud over the gold mining industry that lasted into the next century. David Walsh decamped to the Bahamas, where he died of an aneurysm in 1998. BreX''s chief geologist, .
The supply of gold that BreX contributed to the industry can directly be used to estimate the value of the company''s prospects for gold. The organization''s market share in the industry for the past and the very years when the fraud was committed can help a lot in estimating the value of the prospects that the company made from the sale of gold.
Oct 28, 2019· John Felderhof, the BreX geologist who played a central role in one of the biggest stock market scandals in Canadian history, has died. He was 79 years old. Felderhof was the only person to face formal charges in the infamous gold mining .
Jun 06, 1998· David G. Walsh, a journeyman stock promoter whose gold mining company, BreX Minerals, was at the center of a fraud that wiped out the holdings of investors in .
Jan 24, 2017· But by 1997, a mining consultant for BreX said it only found trace amounts of gold at Busang and that someone had tampered with the rock samples BreX used to claim its find.
Jan 26, 2017· When the BreX scandal broke in 1997 and a massive gold find was revealed as a more massive fraud, mining executives predicted the truelife tale would be .
Apr 02, 2017· FRAUD EXAMINATION BREX MINERAL CASE STUDY 2 Fraud Examination BreX Mineral Case Study Summary of the Key Points BreX Minerals was supposedly among the most valuable companies in Canada. The company convinced many of the mining experts by then that they owned one of the biggest gold .
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.
Mar 27, 2020· 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 .
Oct 28, 2019· John Felderhof, the BreX geologist who played a central role in one of the biggest stock market scandals in Canadian history, has died. He was 79 years old. Felderhof was the only person to face formal charges in the infamous gold mining fraud, but was acquitted of insider trading and other securities violations in 2007.
Question: In April 1997, BreX Minerals, A Canadian Company, Was Supposedly One Of The Most Valuable Companies In The World. BreX Had Convinced Numerous Mining Experts That They Had Rights To One Of The Largest Gold Deposits Ever Discovered. It Was Hailed As The Mining .
Jul 03, 2019· Start with the biggest deposit of gold ever reported, in the headwaters of the Busang River in the steaming jungle of Borneo. The Canadian company BreX Minerals Ltd. didn''t know about that when it bought rights to the site in 1993. But after BreX hired a highliving geologist to map the ore body, the deposit, along with the fever dreams that accompany gold, grew to monster size—by March ...
The BreX gold mining scandal was one of the biggest media hits of 1997 and quite possibly the biggest Canadian stock scandal in the country''s history. Alfred Lenarciak, author and former executive in the gold mining industry, just released his new book, "BreX.
Feb 20, 2019· BreX Minerals was a mining firm founded by David Walsh in 1989, and originally listed on the Alberta Stock Exchange (it later moved to the Toronto Stock Exchange).
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