We pit the gold movie vs the true story of david walsh, michael de guzman and the bre-x gold mining scandal. Bre president and chief executive frank mcdowell said the company plans to use trammell crow's development expertise to spend about $200 million a year building 2,500 apartment units. Bre-x was a canadian mining company who pulled off the biggest gold mining scandal in history, worth over 6 billion dollars michael de guzman was a filipino geologist who was looking to hit it big in the mining industry and was the geologist on site in borneo, indonesia john felderhohof was the. An exotic location, an enigmatic villain, overzealous wall street investors, a $ 1 billion fraud, a mysterious fire, death-by-helicopter the bre-x story has everything.
You wouldn't know it from the poster, but the new movie gold is based on canada's bre-x scandal — and it's not the first time hollywood has rewritten our stories. 'things like de guzman’s body being eaten by wild boars you can’t invent that kind of stuff,' says one of gold's writers of events that inspired to pursue the story. It’s often been said that the story of calgary’s bre-x minerals had all the makings of a hollywood script: gold, love, betrayal and an enduring mystery. Bre-x: the inside story [diane francis] on amazoncom free shipping on qualifying offers for 2 years, bre-x was the darling of the world's stock markets.
This infographic documents the rise and fall of bre-x. Between 1994 and 1997, canadian-based bre-x minerals sponsored and enthusiastically promoted listings on the tsx and nasdaq by jpmorgan, lehman, bmo, scotia as well as others, who were exploring for gold on the busang property on the indonesian island of borneo.
The bre-x debacle when i was interviewed by kphn live radio about penny stocks, the host of the total business show, scott simon, asked me to share some of my favorite penny stock success stories. Those share certificates of bre-x minerals are worth something after all -- as souvenirs -- says paul o'neill who was doing brisk business in the scandal-ridden gold company's paper on the streets of downtown toronto. In 1993, an obscure prospector stumbled across a neglected property in borneo and turned it into a mining site worth billions michael de guzman fooled both. In 1997, barrick lost a bid for control of bre-x minerals ltd and its busand gold deposit in indonesia bre-x soared to a market value of c$6 billion.
Real michaud & world financial group, bre-x, kelven hall, derrick germain complaint review: real michaud & world financial group - wfg, bre-x, kelven hall, derrick germain, real michaud also took millions from the bre-x scam too - he's the owner of wfg in edmonton.
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 bre-x minerals ltd didn't know about that when it bought rights to the site in 1993 but after bre-x hired a high-living geologist to map the ore body. I am preparing a bre-x scandal summary and article about bre-x fraud as am a geologist focusing on geological part with general idea how to avoid this fraud now i found only archive news or books from journalist who don’t pay attention on technical details. Best-selling author diane francis exposes the underpinnings of the bre-x goldmine stock scandal with her team of eight researchers on three continents. This infographic details the rise and fall of bre-x and the busang gold discovery in indonesia - one of the biggest scandals in capital markets history.Download