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Gold/Mining/Energy : Winspear Resources
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To: Abner Hosmer who wrote (10702)12/19/1998 8:03:00 PM
From: .Trev  Read Replies (3) of 26850
 
During the course of the past 45 years of activity in this market I have seen quite a few variations in both successful and unsuccessful junior exploration companies. I have also learned never to be so brash as to tell anyone that he is wrong. In this case I don't know randy, and have never met him or any of his crew so therefore have no direct knowledge of what use the insiders are making of their money.

I simply observe and think and compare and try to figure out what's going on. Usually the good legitimate promoter (and all his group) will be dedicated to keeping the treasury topped up to meet whatever hopes and expectations they might have. As someone said in an earlier post you raise money when you can not when you need it. Particularly in the kind of financing environment we've had in 1998 AB (After Bre-x).

I don't insist that you agree with me! Feel free to make your own assumptions if that makes you happier. I expect the inside gang to have ambitions to become wealthy.... Don't we all. Personally I only follow greedy promoters, and successful ones at that. IMHO too many posters spend too much time whining about what management is doing or not doing or should do or anything else. I just look at the end results and either buy, hold or sell accordingly. After all the decisions on my investments are mine and mine alone. Sometimes as Adlai Stevenson said "I'm too old to cry and it hurts too much to laugh" Crying doesn't help any way. For your own peace of mind if you don't like what you see management doing SELL. But before you do ask yourself how you would make sure the company has the funds to tackle whatever comes up.
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