Winspear Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MrsNose who wrote (23044)	7/16/1999 10:59:00 PM
From: Steelguy	Read Replies (4) of 26850

Margie and all, Not that anyone cares but I will give my two cents on this news. * I apologize for the length of this...I was just talking out loud I guess * Although I love to be long a stock after a halt when beautiful news comes that you know will give you a wonderful trading opportunity... I am so very pleased that, in my opinion, this will not occur here with WSP on Monday. Yes, I guess higher valuation numbers would have given us a quick bang for our buck on Monday but maybe not for long.....I am positive after reading WillP's latest report a couple of days ago and recalling the Yorkton report I believe.....MANY people were cautioning that an inconsistency to a significant degree between the two samples' valuations would be a big hurdle to overcome for WSP. Well, no doubt had we had much greater valuations on this sample...you know it would not be long before analysts would be saying...." hmmmm....geee.....great valuation but....gee that inconsistency is troubling" .......yikes say investors after it has risen $5.00 in two trading days and she comes down like a stone. Other analysts say...." well....funds will still stay on the sidelines until we see another, larger bulk sample done and we get more consistency." YIKES say the investors as they realize they have a long,long wait again until another bulk gets taken and processed....stock comes down like a stone. And sadly......maybe we even get someone mentioning that still,maybe,just maybe.....the samples are salted...........stock comes down like a stone. ( assuming of course the salting comment does not come from Eric Charters ) :o) Reports also come out with people in-the-know saying.. " well....had the second bulk just come in closer to the first....Debeers and others would very seriously think of stepping up to the plate with a juicy offer to buy WSP..but now...well...there is just too much inconsistency and they want to see more work done.."..... stock comes down like a stone. ( again.....after the huge rise over the first two days of trading. ) Instead:.........here is what we have although I certainly admit I am no expert on the diamond industry. 1) Based on results.....we have a consistent ore body....therefore hurdle is NOT present. 2) Valuations are ( judging by what I have read and heard since the first sample )....very good in relation to other existing mines. 3) Tonnage is nowhere near a problem. 4) Winspear is no longer as much of a " speculative " junior but one with less sex appeal and more " goods "...........as I understand the markets...THIS is what attracts the BIG money.....not the two-bit penny ante players like myself in relation. 5) Salting is absolutely put to bed although I guess it already was earlier....but there can be no more talk of this correct??? please let me know if I am wrong here. 6) A very respectable buyout attempt is now very possible as we had been told time and again that no one would want to risk having egg on their face by jumping the gun too early....they would pay a little more and wait for the risk to be removed in the play. 7) Downside risk to a huge degree is now for all intents and purposes removed.......not to say it can't go down on Monday....but we are not staying down for long...guaranteed....and it will be a short lived dip if a dip at all. 8) TSE listing probably very much a real possibility now. 9) Winspear will now receive a great deal of press with most having to admit that they are NOT a " one-hole wonder " and must give Winspear some respect. I believe that in the long run.......this sample valuation is the best thing that could have happened for longs who can be patient....I usually am not one...but i will learn here....... I am pleased to own Winspear.....and I think she will be much higher in the coming months....... sorry for the long post... sg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next