Westmin Resources(T.WMI) Message Board

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Gold/Mining/Energy : Westmin Resources(T.WMI)

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To: Bobby Yellin who wrote ()	11/27/1997 9:17:00 AM
From: HAZ	Read Replies (1) of 63

Bobby Considering this stock is in play I'd expect more activity on this thread. I have only one question , what are the chances another higher bid coming along in the next 60 days ? I think Boliden is committed to the takeover and they have purchased shares in the open market to increase their chances. The way I see it Boliden needs Westmin more that than Westmin needs Boliden. This takeover is a asset play, it's cheaper to buy Westmin than drilling for reserves. The Chili copper property is a real gem and reserves have increased dramatically after this years drilling. Also maybe Boliden (with their extensive refining experience) may know of a way to process the ore from the Wolverine property with it's high Selenium content. I don't think Wolverine is priced into Westmin shares at all. Look at Atna they went from 5.00 to 1.00 because Wolverine is a bust or is it? I'll lose money if the 5.40 takeover goes through so taking profits now at 5.85 is not a lot better. I'll hold on for any chance of a better deal. I should be happy the stock is up from 3.90 but as investors we always want to get back to our original investment at the very least. I'm hoping for 7.50 . Cheers & good luck to all

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