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Gold/Mining/Energy : Winspear Resources
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To: wayne cath who wrote (22617)7/7/1999 9:13:00 PM
From: Digger  Read Replies (5) of 26850
 
This thing is getting more and more unsettling. It is not acting like a world class play "should" act.

There are likely a number of factors rather than only one. One factor has to be that many potential buyers do not trust "somethings" about Winspear. There is Bre-X, there is a low level of knowledge about diamonds, there could be some mistrust of Management, there is the residue deliberately planted about salting. Call it the Eric factor, he knew he had no valid base and yet he spread falsehoods and he should have known what he was doing. If it walks like a dupe and quacks like a dupe......

The vse rather then the tse is claimed to be a big factor, but surely some money managers know " a diamond in the rough" when they see one.

Maybe the smart money is waiting for the second sample and the only ones buying are us peons but look at the analyst reports, reversing themselves and writing favorable reports.

Or are we in the "cult" missing something and are suffering from group think? I do not think so, Winspear has bent over backwards to have all the work done at arms length, and I do not think this is just an act.

Or is the answer in the pit of junior resources in general?

There is a major problem with the performance of this baby, any other ideas?
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