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Gold/Mining/Energy : Winspear Resources

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To: Tomato who wrote (3680)11/3/1997 2:49:00 AM
From: GOLDIGER   of 26850
 
Sorry Tomato, there is no morality in the stock market. If you want morality you better look elsewhere. And don't try looking in the courtroom either.

I figure you probably paid a much higher price for your shares. Say $3.00 per share. Why don't you average down here at this price range. If you are still holding your shares then you must harbour some hope or belief that this company will find the pipe.

As I explained earlier, companies like Diamondfields, Diamet, and Aber underwent huge dilutions after their initial discoveries. Winspear is really not that much different. In case you hadn't noticed the entire junior mining market has suffered its worst year mainly due to the fallout from Bre-X. Many fund managers liquidated their holdings in juniors right across the board. The ONLY event that would have kept Winspear trading at higher levels would have been the discovery of a pipe.

Winspear management cannot make up news to soothe their shareholders.

I gotta run I'm having a conference call with the President of IBM who is going to fill me in on all that company's plans for the upcoming year.
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