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Gold/Mining/Energy : Winspear Resources

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To: L. D. who wrote (8350)10/9/1998 10:01:00 PM
From: Surething  Read Replies (3) of 26850
 
LD(Less)

I too have held Winspear for the past 5 years. I usually just hung on because the share price was just too low for selling. I finally sold out my entire position last spring at a significant loss. I am neither playing WSP long or short at present. Personally I can't muster up the courage to buy right now.

Believe me, I hope everyone does very well on this stock- especially the ones that have held on thru thick and thin .

I believe that the exploration progress thus far is delinquent when one considers the time and money that has been spent. It's as if management would rather play "paper" than find anything. I know the market has been bad, but this Co.(unlike so many) has had the money to produce results. 1.5 million tons at this point, does not cut the mustard. We don't even know the true strike length of this system, nor do we know the down dip extent. I'm betting that management does- in fact they have always maintained at least a six month information time advantage over their shareholders.

In the future, should I post any frivolous or non relevant info., I will state so in the heading.

As always, best of luck

Surething
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