How much was Bre-X worth?
Walsh’s personal fortune is estimated at $250 million. Bre-X is trading on the Alberta Stock Exchange at more than $155 per share. It was worth as little as 12 cents per share in 1993.
Who made money on Bre-X?
Felderhof, the vice-chairman and chief geologist at Bre-X, had sold more than $80-million worth of his company’s stock in 1996, not long before the fraud was exposed and wiped out hundreds of millions of dollars in shareholder value.
What happened to Acosta in gold?
The FBI agents seem to believe him and state that Mike was later captured by the Indonesian authorities while on the run and then possibly forced to jump out of a helicopter, some 1000 feet above the jungle. The corpse had its hands and face chewed clean off by wild animals, so Acosta’s death is never proven.
What happened David Walsh?
Before the Bre-X fraud, Walsh had run several successful oil and gas companies with properties throughout the United States and Canada and had been a stock broker, trust company officer, and portfolio manager. He died of an apparent aneurysm in 1998, suffered at his home in the Bahamas.
Who was Michael de Guzman?
Michael de Guzman, the Bre-X Minerals Ltd. Mr. de Guzman was a central figure in the Bre-X resource scandal, but reportedly fell from a helicopter into the Indonesian jungle just before the hype of a huge gold strike fizzled into a tale of salted core samples and no evidence of a significant discovery.
Is gold true story?
Gold starring Akshay Kumar is doing wonders at the box office. The Reema Kagti-directed film hit the screens on August 15, 2018. Gold is a fictional retelling of the true story of independent India’s first Olympic gold win.
Is green is gold a true story?
Just like the character played by Jimmy Baxter, Ryon and his brother had a father in prison at the time of production, and the filmmaker admits that the story provided a sort of catharsis for him personally, though the dynamics among the onscreen family members were entirely fictional.
Who is Kenny Wells in real life?
While it’s true that Wells is a fictitious entity, the character was actually based upon a very real person by the name of David Walsh, and the movie is inspired by the Bre-X scandal that defined his legacy. Walsh was a penny stock promoter who founded Bre-X Minerals, a tiny Canadian mining company, in 1989.
Is gold hit or flop?
Gold was theatrically released in India on 15 August 2018, India’s Independence Day. It received generally positive reviews; critics particularly praised the film’s narrative and performances of the star cast. Critically and commercially successful, the film grossed ₹158 crore (US$22 million) at the box office.
What’s the largest gold nugget ever found?
the Welcome Stranger
Holtermann ‘Nugget’: 10,229oz. While the Welcome Stranger is the largest gold nugget ever discovered, the single biggest gold specimen ever found is the Holtermann. Dug up in October 1872 by German miner Bernhardt Holtermann at Hill End in New South Wales, it was crushed, and the gold extracted.
Is gold movie based on true story?
It is based on the journey of India’s first national hockey team to the 1948 Summer Olympics and stars Akshay Kumar as Tapan Das, the man who won India its first gold medal in the 1948 Summer Olympics. Gold was theatrically released in India on 15 August 2018, India’s Independence Day.
Is Kesari hit or flop?
According to Box Office India, the film had a ‘fair’ drop on Monday, collecting Rs 8 crore approximately. The film had made over Rs 78 crore by Sunday, and had broken multiple records in the process. Kesari is the biggest opener of 2019, and the second biggest opener of Akshay Kumar’s career, after Gold.
How much is the Bre X gold deposit worth?
J.P. Morgan bankers talked up Busang in a conference call in which Bre-X’s top geologist predicted the deposit might contain a staggering 200 million oz of gold, worth over $240 billion in 2014 prices. Morgan declined to comment.
What was the stock price of Bre X in 1997?
The stock price of Bre-X rose to CA$280 per share by 1997 (split adjusted) and at its peak it had a market capitalization equal to US$4.4 billion, equivalent to US$6.9 billion in 2018.
Who was the founder of Bre X mining company?
Egizio Bianchini, stock broker and one of Canada’s top gold analysts, said “What most people are now realizing is that Bre-X has made one of the great gold discoveries of our generation.” 1989: David Walsh founded Bre-X Minerals Ltd. in 1989 as a subsidiary of Bresea Resources Ltd.
How did the Bre X Gold Scandal Come to light?
Bre-X’s deception came to light when an attempt by Barrick Gold to take over the site led Bre-X to agree to a joint venture with the Freeport-McMoran mining firm and an Indonesian fixer. Shortly after the deal was announced, a mysterious fire destroyed the firm’s records.