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Gold/Mining/Energy : Winspear Resources

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To: George J. Tromp who wrote (6)	11/18/1996 3:12:00 PM
From: Kenith Lee	of 26850

Anyone know why Antler is trading a discount to Winspear. I read it on Bob Bishop's report that the two going to merge (misplaced that report) and WSP with get 1 share of the new company and Antler will get 2.5. The current ask prices for Winspear and Antler are 3.00 and 6.45 repectively. If I multiply 2.5 by the 3.00, Anlter ask should have been 7.50. That's 1.05 discount. I heard it from BB's latest hotline update and he thinks Anlter is a better (value) buy between the two. Any comments will be appreciated. Since I misplaced my report, I can seem to locate Winspear/Antler's numbers. Would anyone have them? Thanks. -KL

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