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Gold/Mining/Energy : Winspear Resources
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To: Walt who wrote (3926)11/13/1997 10:22:00 PM
From: bill  Read Replies (1) of 26850
 
Walt, it's jsut a guess but it is possible that someone had a lot
of stock and was waiting for an exit point. Good news appears.
If they wnt to unload this may be the best they can get for awhile.
Maybe there is more news coming. If so, the sellers don't know
what it is or if it is n ot good, then they know what it is.
The big problem is the time frame. As I said earlier, we're looking
at half of Nov., all of Dec., then 3 weeks of Jan. before they can
get on the ice. Unless, of course, you zip up on your skidoo and
start drilling holes in the ice to flood it and make it thicken
faster. We're looking at 9 weeks where not much can happen. Even
if you do flood the ice, there are no winter roads so there's not
going to be any equipment heading north for some time. What do you
hear around Yellowknife. When's the winter road likely to be open?
No news means that small trades can drive the price lower. No chance
to unload three quarter of a million shares without driving the
stock to nothing. It'll be interesting to see if an insider has
been dumping stock. Too bad there's such a long wait. The rule needs
to be changed so stockholders know within 24 hours. Remember that
somewaht over a year ago, this stock was trading around fifty
cents. Even at 70-80 someone may be making a profit.
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