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Gold/Mining/Energy : Winspear Resources
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To: Berry Picker who wrote (25321)1/24/2000 4:01:00 PM
From: bill  Read Replies (3) of 26850
 
Looks like I ate crow too soon after that false breakout.
My earlier call for 2.00 to be broken with a support line
at 1.80 looks like it was accurate. DSP is riding
down with WSP.

No one holding WSP should be cheering ABZ's being
denied permits by a small group with questionable rights
and motives. The chill will be felt by every company.
What European investor, knowing about what happened to
ABZ, and uncertain about the govt.of Canada to be
in control of what happens in the resource sector, is
going to want to risk millions of dollars? If ABZ
shuts down and concentrates on its properties outside
of Canada, getting financing will be virutally impossible.

Uncertainty destroys credibility.

Support lines for WSP: 1.80, 1.20, .60. Never say never.
Good property means nothing in Sierra Leone. Good property
means nothing in Russia. Good property may turn out to
mean nothing in Canada.
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