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Gold/Mining/Energy : Winspear Resources
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To: Kevin Hamlin who wrote (7053)7/11/1998 11:12:00 AM
From: E. Charters  Read Replies (2) of 26850
 
Perhaps they have some options that hedge this buying spree?

Also be careful of the insider trading indications as it is 15 days out of date. They could have sold a bundle. It is also hard to tell with such substantial holdings what their average price is. If its 50 cents I wouldn't be too worried about a few shares
either.

I would suggest that Lucas may hold his shares at about 30 to 40 cents average price. This may not be big money to him.

Remember this VSE is a rigged market. They manipulate it entirely. They know what life the play has and how to get the most out of it. It is apparent that they may believe that they can keep it going for a while.

I would watch it carefully with Mike Muzylowski in it. He can set the price pretty cynically as he has some brokers who like to play. He may look for mines and all but I have seen some awful baths his shareholders have taken. And trust me, they know the results before you do. I wouldn't anoint Lucas for his buying in June. When did he know about the 8 carat diamonds no matter how they got there? If he knew and bought early he is a saint?

I wouldn't trust Muzylowski if he were blind deaf and dumb. I lost some claims in Newfoundland to a partner hiding his interest and Muzylowski ended up with them, and if he didn't know it was a rip off, he damn well suspected.

EC<:-}
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