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Gold/Mining/Energy : Winspear Resources

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To: wayne cath who wrote (26356)	8/2/2000 10:03:51 AM
From: james flannigan	Read Replies (1) of 26850

Wayne,thank you for the quick reply.I spoke to WSP late yesterday afternoon.My question was has anybody of any significence axcessed tha data room.While she could not give me any names,she told me the parties are VERY SERIOUS with the means to take over and bring to a mine the snap deposit.My impression is,it is BHP.It is only early in the game with all the new data comming at once.DD by any party will take some time(a few days to afew weeks).IMO it would be dangerous to sell or tender now with the new data.As a businessman myself it makes no sence to sell my investments for 15 cents on the dollar.Anybody tendering their shares at this price should not be investing and try to find a feild they understand.My point if your house was worth $100,000 would you sell it for $15,000. This is what DBRs is asking us to do,while they are trying to tell me this is agood price.If we could shut the trading off in WSP shares for the next six month,and 6 drill rigs continue to work snap,where do you think the stock would open?The daily stock price is not our focus,the future value is.Trying not to offend just my opinion James

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