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Gold/Mining/Energy : Winspear Resources

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To: Lilian Debray who wrote (16322)	3/21/1999 6:27:00 PM
From: marcos	Read Replies (2) of 26850

What 'swindle'??! - Lilian, i know you as much more intelligent than this. There is imho no 'swindle' whatsoever in starting off the Newco spinoff with one-eight the number of shares that Winspear currently has out. The majority [if not all] the current market value of wsp comes imho from market perceptions of the Camsell Block. Spinning off the other properties into Newco makes good sense imho, and whatever the share ratio [i would have chosen 1-for-10, a decimal point move] Newco's progress will be determined by advancement of those properties. As for Kensington - it is a sad fact but true that you need diamonds to make a diamond mine. Not much point in blaming Winspear for krt's failure. ..... cheers

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