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Gold/Mining/Energy : Winspear Resources
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To: marcos who wrote (5827)5/1/1998 4:35:00 PM
From: bill  Read Replies (1) of 26850
 
I've got my fingers crossed. Maybe they'll come up with some kimberlite but the market action says there's nothing there so
far. Somebody is unloading at any price they can get. It'll be interesting to see thirty days from now if it was an insider. Remember
that WSP bottomed around 50 cents. We could see the price around
there if they end the season saying all they've got is the dyke.
You and I may think that they can mine the dyke but the big, wide
world doesn't agree with us. If it does bottom, it'll definitely be bargain hunting time because of the money they've still got in the kitty. Even people I know who usually have a pretty good idea what WSP is up to are talking about how if they don't find anything they can probably mine the dyke. That's not a good sign.

Do you know if they were going to drill around the kimberlite they found last year? I thought they would have tried to define its size and depth. it seemed like the best bet they had.
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