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Gold/Mining/Energy : Winspear Resources
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To: Goldfinger who wrote (3941)11/14/1997 3:30:00 PM
From: maintenance  Read Replies (1) of 26850
 
Hello Goldfinger,

I suppose I can see your point. This could give them incentive to promote and raise the share price. I feel better. I do hope that Snap Lake is sufficient motivation though.

Hello chuck,

I agree that this is their business and their future, but I would like to see them concentrate their efforts on Snap Lake for now.

Hello Walt,

I don't know if diamonds would be a hedge for falling gold, but as gold and diamonds are complimentary, I would expect that a decrease in the gold price would result in an increase in diamond sales. Question how long does it take for a reduction in gold prices to be reflected in the price at the jewelry store?

cheers
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