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Gold/Mining/Energy : Winspear Resources

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To: wayne cath who wrote (26033)6/27/2000 5:54:00 PM
From: .Trev  Read Replies (2) of 26850
 
If the Insiders are practicing the time honored tradition of RECYCLING their money into the treasury by selling into a strong rising market in order to take down options and or warrants one has to wonder what percentage of the almost $55 million that changed hands in the last 48 hours is heading into the company treasury?? Presumably some of the rest might go into a war chest to be available to buy back the stock at lower prices, when the takeover craps out.

The one thing that bothers me a bit about that is that for the first time ever I agree with something Kaiser said, namely his comments on the achievement of critical mass for DeBeers if they can control both MPV and Snap. He didn't mention the timeing aspect which is coincidentally bang on since MPV on Friday last week approved the merger with Glenmore clearing the deck for something to happen. They will need something to happen just to pay for the accompanying paperwork, which weighed pounds.

Cheers
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