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Gold/Mining/Energy : Winspear Resources
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To: aliasrob who wrote (3513)10/19/1997 11:28:00 AM
From: Patrick Laflamm   of 26850
 
Hi Rob,
It was not my intention when I posted my "imaginary scenario" a few days back to imply that Winspear's management has manipulated the stock or cheated shareholders. I never thought of my scenario as a "GRAND CONSPIRACY THEORY" like Walt wrote. I just think that management might have, through different decisions and actions, somehow influenced things to their advantage and not to the shareholder's. I have nothing against the fact that the CEO of a junior exploration company schedules their drilling program a certain way. I don't mind either if they wait one year before they drill the area with the most potential; Snap Lake. I just believe that RT and Co knew that they would come up empty this summer (no Ps) and took this opportunity to REPRICE THEIR OPTIONS AND DILUTE OUR HOLDINGS!

As for 186 they just had no choice to drill it.

I think the source is in Snap lake. I think Winspear management knows since a long while that the source is probably in Snap Lake BUT never said anything about it. George always knew that the source would most likely be found in Snap Lake

SO

for me, the lake is the primary target and all others are SECONDARY.

I strongly believe that if extensive drilling is done in Snap Lake next winter that the source of those Ds will be found.

In the next months my eyes will be on two things:
Insider trading reports (I hope RT and Co don't will not do any Middleton style tricks.)
and volume

Regards,

Pahww

P.S.
Walt, isn't it possible to drill from a floating platform? Is it that much more expensive?
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