HI Walt: A long time ago so it seems, I and others took a lot of heat
on this thread. Some were accused of hyping, I was accused of being
a company employee promoting my own agenda. In some of my early
posts., I stressed the fact of patience in diamond exploration. If the
geology is there wait for it to happen. Unfortunately the get rich
syndrome and the price got ahead of itself. I and others took the
hit on that front. There were 2 opportunities afforded since the last
runup of 4.55. Both forming a double bottom at 1.20 area. In the first
case it was a bonafided buying opportunity. In the second case, the
market probably viewed it as the nail in the coffin., the technicians
could have viewed it as a double bottom and upward and onward from
that point. The point is this: Winspear is a 2yr play. There have been
3 important entry points., the first being Sept of last year and the
last 2 refered to the 1.20 area., No one could be blamed for selling
with the results prior to Friday., with the markets lack of understanding concerning a viable dyke system or the news up to Friday. However, things have changed. Winspear like a few other exhibited something unique to success in diamond exploration. Their
reward for 4 yrs of diligent exploration is coming to fruition.
The Visible diamond in the core is a rare occurance indeed, and in
my opinion bodes very well for excellent diamond counts. Winspear
may write the book on a new geologic model at Snap Lake., I for one
am willing to watch the chapters unfold. If Tomato can give us a song
for Chapter 1. It could be titled " Winspear Blues. Maybe Chapter 2.
the title could be "When the WSPers coming march home"
Have a nice weekend.
George |
