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Gold/Mining/Energy : Winspear Resources
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To: wayne cath who wrote (26465)8/11/2000 9:27:53 AM
From: james flannigan  Read Replies (1) of 26850
 
Wayne,I to have not tendered.As far as another bid,my question on the confrence call was answered,when RT told me that other parties are intrested.We will have to wait and see what developes.Debeers are using scare tactics that the share price will not hold if the bid is pulled.This is the oldest trick in the book in a hostile take over.We should not care if the bid is pulled,in the long run we will be much better off if we can let the management bring our deposit to a mine,clearly the economics are there,otherwise DBRs would have never made the bid in the first place.This new tactic employed by debeers stating future delusion dbrs talks about will have no impact in the long run,as wsp will have the cash flow to do a stock buy back.Our wsps shares are worth at least C$20.If the stocknprice weakens as a result of no bid,I will be more than happy as i can take advantage of people who do not understand the value of their shares and will buy more as i have been doing over the past few weeks. have a good day James
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