Gold movie true story

The explosive new miniseries follows the real-life shocking and infamous robbery that became one of the biggest in British history. Brink's-Mat was a former corporate partnership between the U.

The Bre-X story is largely one of three men: charismatic promoter David Walsh, swashbuckling prospector John Felderhof and Michael de Guzman, a trusted geologist with a secret life. Montreal-born Walsh went from high school to an investment desk at a small trust company. By , he was making a six-figure salary as head of institutional equity sales for an Ontario brokerage, which transferred him to Calgary. Eventually, he decided to strike out on his own, forming Bresea Resources. In , Bre-X hit the capital markets and began trading on the Alberta Stock Exchange at 30 cents per share.

Gold movie true story

Real life can be stranger than fiction, which is why stories from the news often form the basis of scripts for the big screen. What follows is a series of timelines, photos and newspaper articles that tell the story that inspired the movie Gold , starring Matthew McConaughey. This is the real-life story and scandal of Bre-X. The compilation starts with a story published on the year anniversary of the Bre-X collapse, in which two Postmedia journalists — Suzanne Wilton and Ted Rhodes — went back to the Indonesian jungles where the gold fraud started. Yopinus, a former Bre-X employee, used his machete to hack into the site of the former office, now reclaimed by the Borneo jungle. But a decade after the junior Calgary exploration company imploded, the locals still search for gold. They crush rock with primitive machines, seeking any fragment of precious bullion that the jungle might give up. Instead, Maliangga and a half-dozen other Indonesians are more interested in the recipe to make a fortune. It is the centre of an unprecedented scam, the ideal location to manufacture a motherlode and sell it to voracious investors on the other side of the world. Now, a decade after the gold dust turned to ashes, locals still believe buried treasure lies beneath the jungle — and they are eager to prove it. Speculators like Lomban are running makeshift mining operations smack in the middle of this patch of rainforest.

Freeport can walk away from the deal if the due diligence indicates the project will not produce what was originally estimated, said Kerry Smith, analyst at First Marathon Securities Inc. Braid: Guilbeault hits height of hypocrisy with charge of immoral lawbreaking.

No, the real company, Bre-X Minerals Ltd. It was so small that Walsh initially ran it out of his basement. For legal reasons and to make the story more appealing, the movie relocates the company to Reno, Nevada and calls it Washoe Mining Inc. Calgary-based Bre-X Minerals Ltd. While fact-checking the Gold movie, we discovered that the filmmakers transplanted the story to the late s. The Bre-X Minerals scandal actually happened in the mids.

An allegedly true story emerges as a lackluster riff on American Hustle and The Wolf of Wall Street with a scrappy turn from an overly disguised lead star. On paper the elements are there, but unfortunately the alchemy fails. One moment he is slick and appealing, the next he is a shambling shyster. Wells, who inherits a successful business from his father in the early s, is driven, in Trumpian fashion, to go for big risks. Back home in Nevada, Wells has a group of salesmen wearing loose ties who hang around the bar all day, ready to make phone calls to easily hoodwinked investors. Role of the Year. Well, eventually they hit the motherlode and that means a soaring stock price and interest from New York firms that want to partner in the extraction and movement of what might be the biggest gold strike in decades. We can observe from a distance, but it is extremely difficult to care. It is humorous to point out, however, that this film, born from the repercussions of a great fraud, enters the marketplace as being based on a true story. Cursory research shows that there are only trace elements of what actually happened the Bre-X case, as it is called.

Gold movie true story

The Bre-X story is largely one of three men: charismatic promoter David Walsh, swashbuckling prospector John Felderhof and Michael de Guzman, a trusted geologist with a secret life. Montreal-born Walsh went from high school to an investment desk at a small trust company. By , he was making a six-figure salary as head of institutional equity sales for an Ontario brokerage, which transferred him to Calgary. Eventually, he decided to strike out on his own, forming Bresea Resources. In , Bre-X hit the capital markets and began trading on the Alberta Stock Exchange at 30 cents per share. The junior exploration company scoured for gold in Quebec and took part in a diamond rush in the Northwest Territories, but the effort amounted to little.

Alfonso fasano

Real life can be stranger than fiction, which is why stories from the news often form the basis of scripts for the big screen. In the Philippines, the latest story is that de Guzman is living with the daughter of a sultan in the Bahamas. In the helicopter, police found a shopping bag with two handwritten notes. Chronology of a scam tseskus postemedia. Bre-X Minerals Ltd. Michael Relton was convicted of laundering and was given a year sentence. Retrieved 30 January She eventually held the title of corporate secretary, but after being named in a lawsuit following the company's collapse, she claimed she was nothing more than a typist. If you don't see it, please check your junk folder. But those who expect de Guzman to resurface are wrong, according to anthropologist Jerome Bailen.

Matthew plays a money hungry gold-digger in his new movie based on a true story. Truth really can be stranger than fiction and Matthew McConaughey's latest film is a case in point. An employee of Canada's Bre-X Minerals , prospector Michael de Guzman, and John Federhof, a businessman down on his luck, banded together in and emerged from the jungles of Borneo, declaring its soil to be full of gold.

One Indonesian woman who had two kids with the polygamist claims de Guzman is alive and has deposited money into her bank account. This map denotes the location of Bre-X's supposed gold find in Borneo, Indonesia. Advertisement 7. This is pure speculation. Inset: Bre-X's share price plunges upon the March news that the landmark gold find is likely not true. The Bre-X scandal began to unfold from there, as new experts brought in to investigate soon uncovered the greatest mining scandal in history. Brink's-Mat was a former corporate partnership between the U. De Guzman is presumed dead after he fell from a helicopter. He knew he would be unable to explain why there was no gold at the site. The agents also say that both the Indonesian minister and Mike dumped their stocks before the scandal broke and that Mike possessed million US Dollars when he fled. At one point, it appeared as though the Canadians were preparing to pull the plug on the expensive — and fruitless — exploration. The year-old Thompson also bought as many shares for his clients who enjoy dabbling in speculative stocks. Indonesian police took fingerprints, but authorities in the Philippines had difficulty matching them against documents to make a positive identification. You must be logged in to join the discussion or read more comments.