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Gold/Mining/Energy : Winspear Resources

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To: Rocket Red who wrote (25625)	3/24/2000 10:30:00 AM
From: ddl	Read Replies (2) of 26850

I don't see what the problem is here. If you read their Corporate and General overview on Sedar, you'd realize that they are proceeding to full mining operations. Though the timing on that report is optomistic by 1 year, the CFO believes the numbers are reasonable. SO, it can do what it wants over the rest of 2000 because in 2002, WSP will be generating a first year revenue of about $44MM growing to $1/4BB 3 years later and with the projected cash flow of lets say $1.00 / share, it will mean a much higher stock price than it is today. "The questions is, punk, when do you think the market will wake up to this reality and where do you want to be sitting when it does?" :-) Two years is not that far away and between now and then it's accumulation time cause I don't think you'll see -$2.00 again. And about the dumping of stock. Well, who do you think is financing this deal? Ain't no sugar daddy around. WSP is at it alone. Investors sell so they can support the next financing. We buy it so we can make a profit down the road. Insiders still own 24% of the stock, and that's all I gotta say bout that.

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