Bre-X marks the black hole
Article Abstract:
Bre-X Minerals has seen a rise in its stock price after the company's shares resumed trading. Bre-X initially saw a sharp drop in its stock price but analysts argue that there must be some gold in the Busang mine even if it is less than expected. The company's shares are likely to be volatile until tests have been finalized. Bre-X may face legal action for overstating its gold reserves, and clients are being collected for a class action suit by a US law firm.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Protect your portfolio from apocalypse now
Article Abstract:
Shocks can have different effects on stock prices, with the same event sending some stocks higher and others lower. The Gulf war was good for defense companies and bad for travel firms. Investors can seek to protect themselves from the impact of shocks by investing in a mix of stocks with some performing well and others less well in the event of a shock. The millennium could affect companies that use computers a great deal, such as retailers and banks.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A mission nearing accomplishment. Kellogg price cuts: cereal killers
- Abstracts: Stock market valuation of gains and losses on commercial banks' investment securities: an empirical analysis. The impact of the 1989 change in bank capital standards on loan loss provisions and loan write-offs
- Abstracts: How tiddlers become big hitters. Book trade opts for price free-for-all