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Gold/Mining/Energy : Winspear---John Paquet discussion group.
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To: marcos who wrote (24)2/28/1999 6:25:00 PM
From: russet  Read Replies (1) of 40
 
I will play devil's advocate:

Private placement holders may start selling at end of April (end of 4 month holding), and if they exercised their warrants in December they can start selling those too.
Turton, Muzylowski and others have followed a disciplined selling strategy in the past, I assume that would continue.

Present statistical analysis cannot confirm +$300 US/carat valuation,.....too few bulk samples to be significant, and they are not random. Chances of getting under $200 US/carat is just as good as getting over, but the market has priced in $300. If we get under $250 US/carat IMHO the stock will drop unless, stepouts increase resource substantially,....but they are only drilling the lake, which may already be factored into price. The present valuation is the best the world has ever seen in this type of deposit (type II kimberlite dyke) and that worries me,...little upside, but big downside.

I am hoping for pipe(s) on Hilltop, and lots of good stepouts at Snap for price appreciation before the bulk samples results. I'm not sure I want to be holding a lot of stock when the bulk sample results come,....but my left and right brain are fighting the yea/ney battle all the time.

russett

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