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Gold/Mining/Energy : Winspear Resources
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To: Chas. who wrote (6096)6/17/1998 9:56:00 AM
From: Patrick Laflamm   of 26850
 
Hi Chuck,
"However, at some point you have to move from buying the stock to seeing it perform"

"It is now time to wait for performance and plan an exist strategy upon non-performance"

I personally like Sudhir's strategy. We are talking exploration here, it's been 2 years and all that WSP shares have done is slide, not sideways but downwards. I agree with Sudhir that at one point you need performance.

I am also thinking of a possible exit strategy.

I don't like hanging on to a possible economic dyke... I put some $ on the table hoping for a pipe, THE source but WSP has not found it and never will.

Let's just hope that there are some fancies in the diamonds recovered from the 200t sample. If not I will at least have a nice big fat capital gain credit...

Regards,

Pahww
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