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Gold/Mining/Energy : WML Westminster Resources
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To: Salt'n'Peppa who wrote (37)4/8/1999 10:53:00 PM
From: Poseidonas   of 135
 
Rick and Alfaman; WML press release sounds very positive for shareholders. It sounds like the following is going to happen:
1. they want to focus on their larger projects such as
East Lost Hills,
San Joaquin and
Hamburg/Chinchaga (where they are 50%-50% with Shell), and

2. they will sell off all other smaller projects to generate funds instead of issuing more stock, thus avoiding dilution at current low stock values.

By doing this they may be on their way to a debt free scenario with all their focus on the larger producing projects with strong partners like Berkley and Shell.

Therefore,I don't understand the downgrade by the idiots at CanaCRAP either.

Any other thoughts
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