I see BB is at it again........
Bishop says sell Winspear: results skewed
Winspear Resources Ltd WSP
Shares issued 33,721,333 Jan 12 close $3.77
Tue 12 Jan 99 In the News
Robert Bishop, writing in the Dec. 15, 1998 edition of his Gold Mining
Stock Report, casts doubt on the results of Winspear Resources's June 22
mini-bulk sample, saying that the value of the three largest stones may
represent at least half of the total value of the sample. This is largely
the point that fellow letter writer John Kaiser made much later, on Jan. 8,
1999; Mr. Kaiser went said he had reason to believe the three largest
diamonds represented at least 75 per cent of the sample's value. Mr. Bishop
says he originally made his cautionary statements in a Nov. 1, 1998
Hotline, and that he urged his subscribers to sell into Winspear news.
Until Jan. 8, Mr. Kaiser was an enthusiastic supporter of Winspear's Snap
Lake dyke project. Says Mr. Bishop: "While some are describing the Snap
Lake discovery as 'the diamond find of the century,' another way to look at
it is as follows: three big stones in a sample of this size is
unprecedented in the history of diamond exploration" and that failure to
duplicate will prove disappointing.
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