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Gold/Mining/Energy : William Resources - WIM-TSE

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To: Lalit Jain who wrote (1171)12/23/1998 9:20:00 PM
From: G  Read Replies (1) of 1326
 
i do recall a few bearish words maybe 6 months ago on corel but when it was around $4 i believe, and it tanked to $1.65. now the story is obviously much different.. i regards to WIM u r right that we are responsible for our own actions... but when guys like REG, and Brad tell u how great things r going, and so on...etc... and then dont worry about anything...blah blah blah... i take them for word because they are on inside and i thought they cant bullshit to investors....
man was i ever wrong... these guys brad, reg, and all other public relations or insiders of any company ( other than blue chips) do nothing but tell u how good it is or will be, and now is the time to buy... i have learned alot about the mkts in the last year and wont be fooled again by these clowns...
IMHO i would not touch this stock even at 4 cents.. chapter 11 looks close and then bankruptcy... it not the gold price that is killing WIM
its management and debt..IMO management are a bunch of boneheads...3:1 consol. etc... if they have all this production hedged at $350+ oz they would not b at 4 cents.. obviously there are other factors involved here..
happy holidays and may we all prosper in 1999
g
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