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Gold/Mining/Energy : Winspear Resources
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To: The Fix who wrote (23729)7/27/1999 11:07:00 PM
From: Sudhir Khanna  Read Replies (3) of 26850
 
'He that is truly wise and great, lives both too early and too late.'

CF results will be out in approximately two weeks. The MRDI report should be out 1-2 weeks following the CF results. The question that all keep asking is who is going to buy the shares at this point? Ask yourself why institutions, who are very negative on the resource sector, are inviting Winspear to make 2-3 hour presentations? Also ask yourselves why resource related funds that in the past have limited themselves to gold and other metals are 'relaxing' their rules to allow for diamond investments?

WSP is being labelled by many as dead money. They say this without staining the attractiveness of the results. It is the 'dull' and 'undervalued' assets, once understood, that usually attract large investments.

Can someone tell me what exciting news came out between September 1998 and December 1998 to take the price from the $1 level to the $4 level? Review the news from this period and consider the news that will flow over the next 2 months.

Play on the emotional decisions of others but never make an emotional decision yourself. Geology cannot be washed away with emotions.

Declaration: 50% of our current position (which is free money) in WSP was protected with a 10% trailing stop loss. This was triggered at $3.78. The remainder of the position continues to be held.

Sincerely,
Sudhir Khanna, P.Eng.
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