Gold movie true story

NelsonStacy 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, InKenny Wells helps to run a prospecting gold movie true story, Washoe, with his father whom he clearly admires, gold movie true story.

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. Athletic, bright and fearless, he gravitated toward geology in university. His taste for adventure eventually drew him to Africa, Australia and Asia. In his late 20s, Felderhof struck pay dirt when he co-discovered the massive Ok Tedi copper-gold deposit in Papua New Guinea. For a geologist so young, it was a coup. Stock options in a junior mining company also made him a paper millionaire during the s. His future looked bright. But in , stock markets crashed and his paper fortune dwindled. Good work dried up.

Search calgaryherald. The stone he pulled from the expanded area was green.

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.

Is there a more appropriate movie for than Gold? The Matthew McConaughey movie about a gold-obsessed businessman with questionable ethics who becomes embroiled in scandal hits theaters exactly one week after a gold-obsessed businessman with questionable ethics who is embroiled in scandal was sworn in as the 45th president of the United States. While it's true that Wells is a fictitious entity, the character was actually based upon a very real person by the name of David Walsh, and the movie is inspired by the Bre-X scandal that defined his legacy. Walsh was a penny stock promoter who founded Bre-X Minerals, a tiny Canadian mining company, in The company was not successful for its first four years in business, but its fortunes changed when Walsh and a geologist named Michael de Guzman Michael Acosta in the film, played by Edgar Ramirez decided to purchase land in Indonesia that they believed could hold a potential goldmine in They then reported that they had discovered a tremendous amount of gold in the area, and the company's worth rose to several billions by But its success was short-lived.

Gold movie true story

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.

Bailey bass nude

Background: A newspaper reports on the ensuing disputes that David Walsh right and his company Bre-X faced. Instead, the Calgary promoter faked his death and is living the high life elsewhere — maybe with Michael de Guzman. We ask you to keep your comments relevant and respectful. In an industry dominated by big American mining companies, Michael de Guzman struggled for recognition in his field. 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. What was the Bre-X scandal? The practice of tattooing and ear lobe stretching, for instance, is dying along with the eldest members of the tribe. In the back of the helicopter, police found a plastic shopping bag containing two sets of handwritten notes, one addressed to Bernhard Leode, a Bre-X accountant whom de Guzman barely knew. 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. While The Gold is inspired by true events and dramatized for entertainment purposes, the real story of the Brink's-Mat robbery is stranger than fiction.

It has all of the elements befitting a classic Hollywood tale: mystery, adventure, treasure, greed, corruption, betrayal, exotic locales, plot twists and … gold. Gold, opening in theatres across Canada on Jan.

Back then, Bre-X was projecting six to eight million ounces. Everyone wanted a piece of their success — and some were willing to sink their life savings into it to do so. In the back of the helicopter, police found a plastic shopping bag containing two sets of handwritten notes, one addressed to Bernhard Leode, a Bre-X accountant whom de Guzman barely knew. There was an error, please provide a valid email address. You're made to feel if you don't get in now, you're going to miss out," he tells news. Of course, it was all a hoax, spurred on by De Guzman manipulating salting the core samples from the site. The scam was so outrageous, so brazen, that no one called into question the credibility of the gold strike. Jian Zhang was one of the last investors to cash in on Bre-X. A steel pipe inside each drum crushes the material, separating dirt from rock. Best Supporting Actress.