Guess I'll just use this thread, there seems to be toomuch off topic and on topic crap on the other one.
I suppose I should have posted the whole Kaiser schmeer instead of just the correction. Sorry here is the original mistake an all>
Kaiser says Winspear results better, but still not enough
Winspear Resources Ltd WSP
Shares issued 39,238,388 Jul 26 close $2.83
Tue 27 Jul 99 In the News
John Kaiser, writing in a July 24 Bottom-Fish Tracker, says the latest
results from Winspear's 6,000-tonne Snap Lake bulk sample represent a
slight improvement over the first batch released in late June. Mr. Kaiser
recommended selling Winspear on June 20, saying the earlier results were
not good enough to boost the market. "If you can sell above $3, do so," he
wrote. He also advised selling 25 per cent of the stock on June 11, and 25
per cent on Jan. 8 this year; he recommended buying Winspear three times in
1998, between 52 cents and $1.43. In the current report, Mr. Kaiser says
his words of caution on June 20 were lost on the "Winspear Dreamers," who
bought 2.7 million shares and prevented the stock from slipping below
$3.20. It closed on July 23 at $3.30. Mr. Kaiser says he waited a week
after the results to comment on them to avoid charges he has affected the
price. The letter writer says Snap Lake may eventually produce $1-billion
in diamonds, but at $180-$200 (U.S.) per tonne, it may take decades to
reach that amount. AT $3.30, the market is saying the net present value of
Snap Lake is $200-$250 (U.S.) per tonne. Mr. Kaiser also calls the
Diamondex spinoff a "huge mistake," which left Winspear stranded as a
feasibility study play.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
What a load of absolute cod's wallop. I simply have trouble believing that people pay money for this advice, and are then dumb enough to follow it. PT barnum was right, there's one born every minute.
I can't believe my eyes, just proof reading this for the first time. According to SW Kaiser actually said the only thing that stopped his earlier forecast from coming true was, get this, "TOO MUCH BUYING FROM THE DREAMERS". You bad guys better quit all that buying, you're stopping poor Johnnie from acheiving his forecasts. Boy have I got news for him. Hold on to your hats these anti-hypers including JK are setting the stage for the new Millennium in earnest. |
