When the dust settles at Pascua's "dust storm caused by ABX reporting false material facts regarding its largest single Gold - Silver Ciopper asset in its crooked books".
SEC and TSX should be getting ready to knock Barrick's doors down, alongside IRS and Interpol
It will be fun, looking at pseudo Gold barons run away from the law... there will be chases indeed as patriotic volunteers locate the escapees... a la "OJ scapade"...
These crooks milked and bilked Barrick and the system 1996-2011 and have NOT DELIVERED one gram of Gold at Pascua Mine, Barrick's largest asset.
Why? why close a USD40 oz "due to low Gold prices", invent Gold under the Glaciers? invent LAMA? why Barrick why so many lies and fraud and so little yellow metal?
Barrick does not own its PASCUA LAMA PROTOCOL properties as filed in Chile and Argentina.
Such lethal fraud, has Barrick at Pascua from the very far outside... looking as Pascua dissapears in the horizon for ABX at 2011.
Serves them weel for crooks.
Peter Munk, your time of reckoning is here! now!
Thanks for letting the public know that Peter Munk is trying yet another deception @ ABX
For a guy who as insider has fleeced Barrick, to buy 50,000 shares, looks like desperate manipulation of blocks to see price spikes.
Whatever peter Munk is doing by buying 50,000 shares is ridiculous, too little and too late.
Surely Peter's 50,000 shares purchase shall not pay for EQUINOX pillaging of ABX's till, or will it?
Again, thanks for letting the public know, that Peter Munk is trying to prop ABX's shares trade price. IMHO
You want to talk about fraud? you dont have to look far- The GATA the Gold Anti- Trust Action Commitee was formed over Barrick Gold an JP Morgan...See below taken from Gata's website:
The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy's Internet site, www.lemetropolecafe.com .
Murphy's essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy's essays by bringing suit against the financial institutions involved in the collusion against gold.
The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware. Murphy became chairman and Powell secretary/treasurer.
GATA underwrote the federal anti-trust lawsuit of its consultant, Reginald H. Howe -- Howe vs. Bank for International Settlements et al. -- which was pursued in U.S. District Court in Boston from 2000 to 2002. While the Howe suit was dismissed on a jurisdictional technicality, it became the model for Blanchard Coin and Bullion's anti-trust lawsuit against Barrick Gold and J.P. Morgan Chase & Co., which was filed in U.S. District Court in New Orleans in 2002 and prompted Barrick Gold's decision to stop selling gold in advance for 10 years.
GATA continues to expose and oppose collusion against a free market in gold, other precious metals, currencies, and related securities.
GATA is recognized by the U.S. Internal Revenue Service as a tax-exempt educational and civil rights organization and it welcomes financial contributions.
Meanwhile you and Palo Alto boy can go back to sleep now.... everthing`s just fine here.
There is so much more about MWR at their virtual website. I need to find someone to research and publish the full MWR story for all to see.
I can hardly wait to see what else the current major players have been involved in. The reading will be tres tres interesting I expect :)
And further more from same MD&Y...
On about February 1, 2010 the Company entered into an oral agreement with Mr. Lopehandia and since February 5,
2010, the Company has been advancing money to Mr. Jorge Lopehandia, primarily to fund his litigation efforts to
establish his ownership rights to the Chilean portion of the Pascua Lama gold-silver claims currently under development
by Barrick Gold Corporation. As of October 31, 2010, the Company has advanced a total of US$306,761 to Mr.
Lopehandia. Subsequent to October 31, 2010, the Company has advanced an additional amount of US$274,428 with the
last advance being made on December 17, 2010 in the amount of US$75,000. Accordingly, as of the date of this
MD&A, the Company has advanced an accumulated total of approximately US$581,189 to Mr. Lopehandia. For such
financial assistance, the Company expects to obtain either (a) an interest in the Pascua Lama property if Mr. Lopehandia
is successful in proving his ownership rights to the Pascua Lama property, or failing such, (b) an interest in another
property in which Jorge Lopehandia has an ownership interest with all payments made by the Company being credited
to the acquisition price.
The Company is in the process of negotiating with Mr. Lopehandia for a written agreement relating to this project.
Mr. Lopehandia has also been investigating the availability of properties of merit in Chile on behalf of the Company.
Looks like MWR was scammed out of a few dollars by Jorge. Go Jorge go :)
You should allow the TSX and SEC to make that determination.
If MWR makes a deal with JL then i would say MWR shareholders are in a pretty good position.
ABX shareholders are looking at Pascua Lama ownership issue regardless.
I read that as well. We all should here about JL and MWR by the 30 day mark. It will be interesting to see the progress after 30 days.
BTW, call the TSX. They say the halt is due to a property acquisition. I suggest everyone to do a little DD on the matter and not to buy into the ABX longs attempt to brush this aside.
Here, I'll help you out:
MOUNTAIN-WEST RESOURCES INC. ("MWR")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 18, 2011
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated April 15, 2011, effective at 8:52 a.m., PST, April 18, 2011, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the proposed transaction pursuant to Exchange Policy 5.3, Section 5.6.
Can you believe these MWR guys? From an April News Release...
Second, Mountain-West now further advises that it provided Lopehandia numerous advances of
funds, with the total of the advances being US$925,589.88 as of the date of this news release.
The first advance of funds was on February 5, 2010 in the amount of US10,000 and last advance
was on February 24, 2011 in the amount of CDN$250,000. Mountain-West did not obtain
security for any of the advances.
None of the advances were based upon a written agreement. Further, none of the advances were
based upon an oral agreement. More accurately, the advances were based upon only what might
be described as an agreement to agree. As of today’s date there is no oral or written agreement
between the Company and Mr. Lopehandia, although Mountain-West is in serious negotiations
with Mr. Lopehandia. Various drafts of an informal agreement were made and Mountain-West
is attempting to complete a draft of a formal agreement for review and comment by its
independent legal counsel in Chile.
Amongst many things in the negotiations, Mountain-West is seeking from Mr. Lopehandia
security for all past advances to Mr. Lopehandia and security for future advances, if any, which
the Exchange may allow. Mr. Lopehandia has expressed his approval to the formal agreement
providing that he will grant security, including the filing of the formal agreement against the title
to all mining claims of Mr. Lopehandia in Chile.
The Exchange has advised that Mountain-West may not make any further advances to Mr.
Lopehandia until Mountain-West has filed with the Exchange an agreement with Mr.
Lopehandia and the Exchange has reviewed the agreement and related documentation and the
Exchange has expressly approved further advances.
Thanks for your feedback, I feel your anger when you type so you must obviously be like others, very frustrated as to what is coming your way in the way of your stock ABX perhaps tanking when news hits the streets, good luck pal
It gets even better. Look at latest legal action per May 3, 2011 press release...
Mountain-West Resources filed an appel in Division One Court of APpeals in Washingston State on April 18, 2011. THis appeal is in regard to the estate of Michael J. Fitzgerald. This will be the second and final appeal against the estate as we are trying to be classified as an ascertainable creditor.
The reason the Company has had to go through this process is because Tronox Worldwide LLP and our former attorney in Reno, Nevada, C. Robert Cox, improperly terminated the litigation against Fitzgerald in October, 2010. They were only allowed to do this with the consent and approval of the Company based on the contract in place. The Compnay will continue ot advise our shareholders as we move forward.
The Company has also filed an official complaint with the IRS in Jefferson City, Missouri. The Company has provided documents that prove wrongdoing by a former director of the Comany in regards to behavior on his part. The Company intends to completely cooperate with the IRS.
The Company also wishes ot inform that Mr. Jorge' Lopehandia has worked extensively with us on the Fitzgerald/United States litigation. He has introduced us to persons who have provided us with substantial evidence. We would also like to preport that we are not in contractual relationship with Steven C. Davis. At some point in the future that may change. We however, workign with Kanco Energy stockholders with the purpuose of solving these long-standing issues aginast the Company's former President, Michael Fitzgerald (deceased).
Quite a messy kitchen...