Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Class, Our first case this week is the Bre-X Minerals case

Class, Our first case this week is the Bre-X Minerals case

Law

Class,

Our first case this week is the Bre-X Minerals case.

Reflection on Your Proposed Amendment to the Constitution

In at least 250 words reflect on your proposed amendment to the U.S. Constitution that you presented to your peers in the discussion board.. This assignment is about creating and communicating a fully developed argument.

  • First, describe your proposed amendment to the U.S. Constitution. (this is a thesis statement)
  • Second, present and describe three (3) arguments in support of your Amendment. Think especially about the ideas, themes, and nature of our nation’s founding and political institutions. For example, do our founders ideas of what liberty means support you proposed amendment? Remember that opinions are not arguments. Facts must be used.
  • Third, address at least two 2 counter arguments that could be made by those that might oppose your proposed amendment. Describe those counter arguments fully and discuss why those counter arguments do not sufficiently counter your proposed amendment to the Constitution.
  • Finally, write a conclusion paragraph that restates your proposed change to the Constitution and reviews the most compelling argument in support of your proposed amendment.

Be sure to include a reference list for any outside sources you use in completing your paper.

Please note: APA formatting and citations rules apply to this and all essays in this course.

As with all weekly written assignments, submit your work as an attached file. Double-space your paper and use 12 point Times New Roman as your font.

 

The following is a description of the Bre-X Gold Scandal,

The search for a jungle ElDorado is over; the search for culprits in an astounding gold mine fraud has begun. Investigators opened investigations into how Bre-X Minerals, a tiny exploration company from Alberta, Canada, managed to convince countless experts and investors that a tract of land in Borneo contained the biggest gold find of the century.

After two years as a stock market superstar, Bre-X was suddenly a pariah after an independent consulting company reported that the Busang site was worthless. It said the sands of seemingly promising crushed rock core samples collected by Bre-X had been doctored with gold from elsewhere in a scam “without precedent in the history of mining.”

Partners in the Indonesian project promptly jumped ship The Indonesian government, which held a 10 percent stake vowed to punish whoever was responsible. New Orleans- based Freeport-McMoRan Copper & Gold—which first cast doubts on Busang’s value—said it was withdrawing from its planned partnership with Bre-X. The company that reported the fraud, Strathcona Mineral Services, did not attempt to fix blame for the tampering but offered to assist in subsequent investigations. Industry analysts said it seemed clear that some senior Bre-X personnel were involved, but there was no consensus whether the culprits were Canadian-based executives, geologist in the field, or both. Mining analysts say only a small amount of gold—perhaps a few pounds—would have been enough to doctor the Bre-X samples to make them appear that the Busang’ mine was a world-class gold deposit. Bre-X’s president, David Walsh, who launched the Busang project from his Calgary basement while bankrupt in 1993, expressed shock at the evidence of tampering and said his company would conduct its own investigation. Walsh, 51, sold off some of his Bre-X shares last year, along with other senior company officials, who together reaped more than $56 million in profits. They have been targeted by at least eight class-action lawsuits in Canada and the United States, alleging that Bre-X executives misled share holders about Busang’s potential while selling off some their own shares.

We have a lot of questions we can discuss for this case. Let’s start with the questions below. Pick one or two of the questions below to respond to.

  1. Assume you are a financial analyst who works for a major brokerage company that is heavily invested in Bre-X Minerals.

In what ways would investigating management and directors help determine the value of Bre-X’s gold prospects?

In what ways would investigating the company’s relationships with other entities help determine the value of Bre-X’s gold prospects?

In what ways would investigating the organizations and its industry help determine the value of Bre-X’s gold prospects?

In what ways would investigating the financial results and operating characteristics help determine the value of Bre-X’s gold prospects?

  1. How were the gold industry and Canadian stock markets affected by this fraud?

 

Option 1

Low Cost Option
Download this past answer in few clicks

2.98 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 6 times

Completion Status 100%

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.8)

Google (5.0)