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Re: nowwhat2 post# 522

Thursday, 05/15/2014 1:34:54 PM

Thursday, May 15, 2014 1:34:54 PM

Post# of 6735
Nowwhat2 (RE: Bre-X):

Wow...you brought back some long-ago memories with Bre-X Minerals (mid-90s?). I bought it at $2 and sold at $5 or so. I did the smart thing, like KareninCA, and ended up taking profits way too early, missing most of the massive increase in price.

As I recall, once the fraud was suspected (Barrick mysteriously backed out of a joint venture deal), I think it tanked from the $200s to single digits over several months. Project manager jumped (or was pushed?) to his death from a helicopter, fraud was confirmed, and then it was ultimately delisted. I think the ex-CEO was murdered a few years later in a "home invasion" in the Caymans or some other Carribean island.

Tough to make up stories with this much intrigue! Tom Clancy-esque.

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