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Gold/Mining/Energy : Winspear Resources

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To: Chas. who wrote (26078)	7/7/2000 12:29:15 AM
From: Elizabeth Andrews	Read Replies (2) of 26850

Well, I'm not sure about that. If you look at Debeers balance sheet, this acquisition doesn't make a lot of sense unless you consider what teevee said many months ago (stone quality). There is no reason to make a C$ 260 million investment without this. Combine this with my comments when the stock was C$ 4, a while ago when the the sample methodology was questioned by many. I think teevee is correct. Obviously, Debeers understood what the results meant and I didn't, (aside from buying 500 shares when it dipped). There is something special about this deposit and Debeers knows that. I was long and have sold but you have to question the value of what Debeers sees. It can only be positive and the company is probably worth more than $4.25 but to whom? Is Aber next? Or does Aber acquire WSP?

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