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Gold/Mining/Energy : Winspear Resources

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To: marcos who wrote (8079)9/22/1998 12:33:00 PM
From: bill  Read Replies (1) of 26850
 
Yes, what I meant was that ABZ likes the results enough that they
are not going to let their precentage decrease again. The
results so far have made them stay in the game. It's a bit like
playing poker.Someone hesitates on staying in, then draws cards
and bids high. The shift doesn't tell you what cards he's drawn
but it does tell you that his draw was good. The change in attitude
on ABZ's part is significant. Remember earlier posts when we were
hearing abouthow ABZ was short of money.That'swhy theydidn't put
up the money.Well, if they were short then, they're short now but
they're putting up the money. I never believed the argument that
they were short of money. I think they didn't believe that WSP's
results were worth further investment at that time. Now, that has
changed. Good to know that the experts think putting money in
the pot is worth while.

Thanks for the response, Walt. Much appreciated.Funny geology at
Snap Lake but not surprising given that diamond exploration
is new in Canada. Remember how, at the beginning, people didn't
understand they should be looking in lakes.Or how all those
experts came right out and said there were no diamonds in Canada.
I spent an hour with a geo prof who said looking for diamonds
in the NWT was a waste of time. And, of course, there are all
those millions wasted on the Arkansas pipe(my old stomping grounds)
Financed at 10.00 a share by a large oil company.
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