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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: paul centis who wrote (20925)	6/18/1999 7:46:00 PM
From: Natedog	Read Replies (1) \| Respond to of 26850

6 special stones, 88 greater then 3 carats.

To: paul centis who wrote (20925)	6/18/1999 7:49:00 PM
From: MrsNose	Read Replies (2) \| Respond to of 26850

So it appears that the results are good, but the share price is going to beaten up with the ugly stick, at least on a temporary basis. I guess this is what happens when the expectations are so high, good results just aren't good enough. Oh well, I guess we start the wait all over again for the other 3000 tons. All the best, Margie

To: paul centis who wrote (20925)	6/18/1999 8:14:00 PM
From: Confluence	Read Replies (1) \| Respond to of 26850

Hello Paul, Excellent comments. I have no idea where the stock will open, but I'm sure that you're correct in noting that it will go lower. Too bad for all the folks on this thread. As far as I can see, perspective is kinda important here. Dia Met is up and running (with last valuation at $147/carat, read the news!)and huge tonnage in open-pittable pipes, and Aber is second out of the gate, but has potential problems with environmental and native issues. So along comes WSP with a high value, but low tonnage deposit (BTW, this would be great in a less hostile environment, with things like roads and services), that will cost less to put in production, but will have a shorter lifespan, with less throughtput and more dependence on everything going well. Ask yourself how many small tonnage mines get built in this type of environment? The whole mining world is moving to larger, low grade, high volume mines rather than smaller, niche-type mining. And now WSP has to HOPE for greater results from the second half of the bulk (ask yourself if they would process the better half first?) in order to justify mine potential. I think that the two day delay in reporting simple numbers (read the release, it was very simple), was more about market control and to give pause to disappointed sharholders. They now have all weekend to talk to bigger shareholders, and hold hands with the upset ones. Don't listen to what posters are saying. Watch the actions of the company, and the understand the meaning behind their actions. They did this for a reason; the numbers were easy, and presented in the most favourable light. Good luck, Confluence PS Anybody know why the company didn't break down the value per carat of the larger stones, as before? Were they gem quality? Were they responsible for most, or little of the value per tonne?