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Gold/Mining/Energy : Winspear Resources

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To: Chris A. who wrote (3655)	10/31/1997 11:16:00 AM
From: Walt	of 26850

Good post chris and I agree with most of what you say. Im not particularly keen on the VSE rules regarding options etc but those are the rules and one sees this option thing come up all the time. Alot of the companies involved in voiseys bay run right now have recently issued themselves stock options changed prices etc. etal So singling WSP out in this regard is a bit of a red herring. Now that investors etc are more aware of the practices maybe eventually the rules will be changed. On a scale of all the companies involved on the vse I still feel wsp rates good. they havent been manipulating the market, they have been doing the work etc. The insiders havent been selling off stock etc like alot. In my mind the campaign to trash WSP and management is out of proportion to the facts. Thats my opinion. Everyone is free to draw their own conclusions. From a geological point of view I can see why they tried to find a land based pipe first. Unfortunately exploration takes time alot longer then most investors are willing to wait. I am frustrated that WSP has sunk so low in price with all it has going for it but dems the breaks.

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