6min chapter

The Joe Walker Podcast cover image

The World According To A Maverick, Beach-Biding Stock Picker - John Hempton

The Joe Walker Podcast

CHAPTER

The Sahato Regime's Corruption

Breex had a market cap of $35 billion, and they needed $10 billion to build the mine. The chief geologist was a guy called Grusman who sold a lot of stock. He just bought gold from local river panners before he sent the sample off to the lab. And in retrospect, we know they were fraud because the gold that you find in hard rock is pointy. But the gold you find in the river is rounded. So it didn't come from the hard rock. It was added afterwards. This whole fraud unwound in part after Mr Grusman fell out of a helicopter,. And his body was eaten by tigers and never found again.

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