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Gold/Mining/Energy : Winspear Resources

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To: larry_d who wrote (26358)	8/2/2000 3:53:16 PM
From: wayne cath	Read Replies (1) of 26850

If I were considering submitting a competitive bid I would be waiting and watching. My fear, however, is that potential WK's have been deterred/reassured by RT that Debeers bid has no chance. Why would a WK not buy into the same 'value spin' we are getting. That being so..any sense of urgency is removed. The bid will fail ..the price retracts..and everyone regroups for round 2. Where do you want to be then? James, as for your house analogy, it can be used both ways. If my neighbor was selling his house 100K house for 10K, I would expect to be tripping over all our other neighbors trying to bid more. After all ...easy money, no??

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