Winspear Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chas. who wrote (26078)	7/7/2000 6:31:33 AM
From: Bill Jackson	of 26850

chuck, The last thing Debeers wants is more diamonds to hit the market. They are already totally stuffed with them. They will of course mothball this deposit while doing the minimal annual work to keep their property in good standing. Those who sell now will lose the downstream potential that this deposit represents. Debeers knows this and is trying a pre-emptive strike. It is worth three to five times their offer to keep it off the market. Adding it's annual volume will force DeBeers to spend more than $250 million annually to mothball it's production. Cheaper by far to buy it now, even at $10-15 per share, The $4+ offer is their initial salvo at the low end, designed to start the auction at a lowball figure. This could go to $20 as that mine is worth billions. Bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next