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Gold/Mining/Energy : WINSPEAR FACTS-NOT HYPE
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To: HARLEY II who wrote (9)9/30/1997 6:20:00 AM
From: George J. Tromp   of 135
 
I am entirely aware of the insider reports having alerted this thread
last November when the trend developed. Mr. Lucas sells., the only
one of significance., were large. That being said., the majority of
those shares about 1.5mil were purchased as early as 1994. I dont
think it was unreasonable to protect his investment in light of complex geology they have encountered. The pattern of his sells tell
me it was a predetermined course on his part which IMO started long
before enough information was available to prove or disprove the existence of a pipe source. Substantial shares were acquired in the
.65C range. Now Harley., would you have not sold the bulk of your
shares., knowing the pace at which the geology has unfolded. Does
this now imply that Snap Lakes Geology is worthless.? Maybe to individuals that dont have the patience to let it unfold. Yes., there
were great expectations early on for a quick multi-phase discovery.
But IMO enough excellent early results., have led me to believe Snap
Lake will be the source of many drill programs in the future. I have
lots of patience and will continue to build my holdings. Every intersection of Kimberlite to date has been diamond bearing. Every
intersection of Kimberlite has had outstanding diamond counts. My
belief in Winspears potential is just that., but based on the overall
scope of the project., and the early results., I will hold the course.
George
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