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


To: ddl who wrote (21474)6/21/1999 11:38:00 AM
From: SwampDogg  Read Replies (1) | Respond to of 26850
 
Wow...it sure looks like Kaiser has had an effect on MPV today...the guy has nobody listening to him.



To: ddl who wrote (21474)6/21/1999 11:41:00 AM
From: Rick Hawke  Read Replies (1) | Respond to of 26850
 
Ron
Fairly impressive vol. Trades opening at $3.49 trading down to as low as $3.20 before recovering to $3.50 level with 1.4m shares traded. Market depth seems to be stabilizing at this level though.
Here's hoping. . . . . . . Rick



To: ddl who wrote (21474)6/21/1999 11:48:00 AM
From: Ron Struthers  Read Replies (1) | Respond to of 26850
 
Denis, it looks like double digits long term if we assume that the
grades will be relatively consistent or this release proves to be the average and tonnage is proven. Indications so far indicate the odds of this been proven are very good.

If drilling proves up 10+ M tonnes we are looking at a deposit valued in the billions. Depending what tonnage you use I can see the stock between $7 and $20 as some rough figures.

How the stock trades to get there is another matter. Remember brokerage makes money by trading stock, I wonder how many stop/losses were taken out this morning. I have suggested taking some profits to reduce risk and am comfortable just holding the rest and let the story unfold.

Ron