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Gold/Mining/Energy : Winspear Resources
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To: teevee who wrote (19049)5/4/1999 5:50:00 PM
From: Gord Bolton  Read Replies (2) of 26850
 
I think that there is a little uncertainty over what effect the split will have on the share price of the main course.
Some folks think that WSP will remain the same and the Diamondex will be a freebee. Others are thinking that WSP will drop back to a lower level to reflect the "loss" of the other properties and that they can then jump back in.
I think at this point WSP has nowhere to go but up. A lot of work has been done on Snap Lake in the last three months with excellent results. The share price is the same as it was before Christmas.
The drills are still turning and proving up more excellent tonnage.
It will be interesting to see if Winspear has a little update for us at around the time of the split which could happen any day now.
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