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Gold/Mining/Energy : Winspear Resources
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To: The Fix who wrote (25125)12/30/1999 10:30:00 PM
From: bill  Read Replies (2) of 26850
 
Well, I guess I'll have to eat crow. Damn feathers are
hard to swallow. I thought WSP would hold or go up
to 2.30, 2.35, then fall in January with a spike down
over a short period of time, maybe three days. However,
with the breaking of the down trendline, even if it
falls in January, it's unlikely to break its recent
low.

I hate being wrong but you've got to play them like you
see them. Everything is likely to depend on the financing.
How much dilution to get the money they need? If they
take on a partner for a percentage of the play then
that's as much a dilution as issuing more stock.

REX does make one jumpy. Hate to miss out on another move
like that. Good for George. He's been at this a long time.
His boat is loaded. He was telling everyone who would
listen to load up on REX when it was eighty cents. Wish
I'd had the cash at the time.
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