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Gold/Mining/Energy : Winspear Resources
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To: Chas. who wrote (26324)7/30/2000 6:00:46 PM
From: james flannigan  Read Replies (1) of 26850
 
Chuck,we all have our own opinions regarding the future of WSP,you are intitled to yours.However I may point out that RT has told us third parties have expressed intrest in WSP and that a possible bid may be forthcoming.We can either belive him or choose not to.If it is a true statement,no one would take the time to look in the data room if they had no intention of making a bid.Remember that RT said that only qualified companies will be permitted to view the data,in other words "serious companies only" will get access.RT can not tell us the day to day goings on,as it would not be fair if more than one party is doing DD.We can only gleen and try to interprit the information he can disclose with out him not committing him self to a possible future event that may or may not happen.I try to base my investing on simple common sence. A) if i were the ceo of DBRs,knowing full well that my supply of high quality stones from Russia may not be forthcomming in the near future.I would be on the hunt BIG TIME for a new source, via WSP. B) If I already had my foot in the door of the next most important diamond region in the world, like BHP.I would try my best to keep the future of that region from my biggest competetor namely DBrs, buy buying out that source.This is no game big money is at stake here.To speculate on another bid may be a better bet,than betting that no other bid will be made at all.Common sence is telling me to buy more shares.In the end only one line of thought will be right. good day James
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