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Gold/Mining/Energy : Winspear Resources

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To: Rick the Vet who wrote (6099)6/17/1998 3:59:00 PM
From: Patrick Laflamm  Read Replies (1) of 26850
 
Hi Rick,
I disagree with you regarding WSP being a good hold for the next 12-18 months.
I think it is better to flip it at this point. If we get, in 2 weeks, a reasonable ct value for the large stones recovered, the stock will peak at over a buck or so (maybe) but then, I bet you all my WSP stock it will start to drift downwards until they do further delineation of the kimberlite dyke and bla bla bla...

Everybody is jumping in the air because of the big stones. Well, Winspear calls those results "encouraging" and nothing more at this point...

As for the C$... it is close to the 140 year all time low... not much risk there Vet! The worst that could happen is that it hangs around $0.67 or so for a year...

Regards,

Pahww
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