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Gold/Mining/Energy : Winspear Resources

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To: bill who wrote (9490)11/17/1998 9:51:00 PM
From: Rocket Red  Read Replies (1) of 26850
 
Bill-Financing
When and if the financing is down at 2.50 will almost be the high for the year.
Wsp will need cash for all there programs next year.It is very wise to to the financing now even if it not at 5 bucks.If Wsp goes for broke with a 10,000 ton sample this winter that will leave them pretty much broke after bulk sample.What happens if snap is a bust for example wsp will have no cash left to do anymore drilling and the market forsure will not do a financing with them at all.

PS RT is doing it right and do the financing now while you have lenders.
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