Gold movie true story

Back inFilipino prospector Michael de Guzman convinced gold movie true story John Felderhof and Canadian businessman David Walsh he had struck gold in the jungles of Borneo. De Guzman duped the labs that tested the samples, which verified roughly 3 oz of gold per ton of rock. In the following years, de Guzman would continue to salt samples with gold he bought from locals.

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. McConaughey, who plays the character Kenny Wells, based on Federhof, explains the story that shocked the world. But I understand that phrase 'buy the rumour, sell the news'. Agents can make something sound great and you're on board.

Gold movie true story

Nelson , Stacy Keach and Bruce Greenwood. The film is loosely based on the true story of the Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia ; [4] [5] [6] however, for legal reasons and to enhance the appeal of the film, character names and story details were changed. The film had a limited release in the United States on December 30, , before going wide on January 27, In , Kenny Wells helps to run a prospecting company, Washoe, with his father whom he clearly admires. But seven years after his father dies, the business and Kenny are nearly broke after having lost the office, so Kenny and his colleagues now work from his girlfriend's bar. Kenny, now living with his girlfriend, Kay, has a dream that leads him to Indonesia where he meets up with geologist Michael Acosta. Both are struggling financially, but Kenny manages to convince Mike to go into business to acquire a gold prospect. Kenny then flies back to America and raises the promised money to finance their venture. Unfortunately, the exploration program struggles and fails to show any gold, so the workers soon leave until Mike persuades them to come back with the promise of freshwater. Kenny contracts malaria and is bedridden for the next few weeks. When he finally wakes up, Mike reveals that they have had a strike and now have a huge gold deposit. After celebrating, Kenny goes back to America where he sets up a new office for Washoe and is approached by a major Wall Street bank. Mike accompanies Kenny to their meeting and, after a disagreement, decides to bring some of the bank associates to Indonesia in order to show them the mine.

After the largest gold fraud of the century was exposed on March 26,Bre-X went bankrupt and its shares became worthless.

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. In , the small Canadian mining company Bre-X claimed a massive gold find deep in the jungle in the Busang area on the Indonesian island of Borneo.

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. McConaughey, who plays the character Kenny Wells, based on Federhof, explains the story that shocked the world. But I understand that phrase 'buy the rumour, sell the news'. Agents can make something sound great and you're on board.

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. Felderhof was a boy when his family moved to Canada from the Netherlands in the early s.

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Daily Express. In the weeks leading up to the Canadian trip, de Guzman called his mother several times, saying evil spirits were invading him. Russell 2, Retrieved January 2, Thompson considers such high-mindedness so many sour grapes. Chief geologist de Guzman tragically committed suicide in It was so small that Walsh initially ran it out of his basement. Retrieved February 16, In fact, no one has flown in by helicopter since the same year Bre-X exploration manager Michael de Guzman fell out of one in McAvoy was widely known to be one of the most skilled and dangerous armed robbers in the United Kingdom despite being the youngest member of the heist group at age Another forensic scientist, known as the Sherlock Holmes of the Philippines, reviewed the case for the family and believes de Guzman was tortured and murdered, likely for information about the gold site. Robinson was also well-known by police as a dangerous armed robber, having served several prison sentences by the age of More than nine million Bre-X shares changed hands Friday as rumors spread that de Guzman, 41, had jumped when he learned of concerns over the size of the Busang deposit.

No, the real company, Bre-X Minerals Ltd. It was so small that Walsh initially ran it out of his basement.

Walsh pictured below died of a brain aneurysm on June 4, The now slim-downed star responds, "Actually, she misses the extra-full Kenny Wells. Freeport-McMoRan soon began drilling the site and finding no gold whatsoever. Kenny is disconsolate and seems to be defeated, but Mike flies to the US and offers a plan to win their mine back. Its gold reserves are 38 million ounces. His taste for adventure eventually drew him to Africa, Australia and Asia. She faithfully visits his gravesite at the Holy Cross cemetery in Quezon City. Best Supporting Actress. On May 16, , TheWrap reported that Spike Lee replaced Mann to direct the film when Mann left to start production on his untitled cyber thriller film that was eventually titled Blackhat. The Indonesian military did not accompany him like in the movie. It remains to be seen whether Federhof Kenny Wells in the film was in on the scheme from the beginning, and if he knew about the salting. Those living near Busang have been touched by modernization and lost many traditions.