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Gold/Mining/Energy : Winspear Resources

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To: Dave M who wrote (24876)11/3/1999 12:33:00 AM
From: Digger  Read Replies (2) of 26850
 
My first impression of Randy's presentation was that it lacked the energy of his previous talks. He hurried through his slides and initially appeared to be just going through the motions of a canned speil.

On the way home I attemted to make sense of what I perceived and have concluded that he is not primarilly concerned with the speculative buyer. This is only the second town meeting presentation he had made in the past while, most of hie time is one on one with major fund personnel and there is suggestion that they are buying in at these prices. His overall attitude was to pee or get off the pot.

I eavesdropped on three groups following the presentation and was amazed at the level of due dilligence being shown. Persons appreciated the clarity and cleanness of Winspear stones compared to those from other mines, the ease of operation and the minimal environmental effect. Each group was talking about investing in ther 5 to 10 thousand range.

I was also amazed atht eh ten deep crowd around the booth following the discussion, The number far exceeded that at any other booth following their presentation.

Statements such as Winspear having met the criteria of several funds even though TSE has not yet happened. That TSE criteria have been met, even the revised ones and that there is optimism for a listed upon frorganization.

One statement Randy said off hte cuff during another discussion was that there werew gloing to be a lot of millionaires made on this play.

His fopcus was on the mining plans not exploration plans and how the footprint would be about 22 hectares copared to Davidid requiring 1500 hectares. He gave amply time to the expectation that Winspear could become the second mine in the NWT.

I missed Rocket and Brian but there was a very big crowd. Hope they got more thatn I did. Bed time for Grandpa before I fall asleep at the keyboard. No difinite forcast on news but I wouldn't be surprised at a jump tomorrow.
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