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

To: teevee who wrote (22751)	7/10/1999 12:29:00 PM
From: paul centis	Read Replies (1) \| Respond to of 26850

Actually teevee, I agree with you! Please keep trying to knock this play down so that I can keep buying cheap stock! As far as valuations are concerned they will arrive in the not too distant future! THIS STOCK WILL BE REMEMBERED AS "THE BUY OF THE CENTURY"! I have a lot of patience for a company that puts out this kind of news! REGARDS!

To: teevee who wrote (22751)	7/10/1999 12:41:00 PM
From: Confluence	Read Replies (4) \| Respond to of 26850

Hello teevee, Nice to see an "investor" like yourself looking for a short term trade! I agree that this news, while positive, may raise more questions than it answered. Unfortunately, the disclosure of data from companies is not standardized (efforts are being made), and larger companies feel much less reason to be open about their results than smaller ones. The securities commissions only require disclosure of material facts, and "material" means many things to companies of differing sizes and attitudes. With de Beers as operator, it is unsurprising to see such a lack of information. de Beers believes that their information is for their own use and benefit, and see only negatives in educating the world about diamond mining. When the whole goal is controlling supply, educating anyone (miners, investors, etc.) could only work against you. Its my guess that the MPV folks probably heard of these numbers ages ago, but had to drag any written facts from de Beers whining and delaying. I'd bet the MPV folks have to often mention "regulators", the "exchange", etc. in order to motivate their partners to disclose any facts. And even then, the veracity of these numbers might be questioned. As an aside, SUF has 51% interest in the Camafuca pipe in Angola, which was extensively drilled (over 200 holes) by Diamang (essentially de Beers) back in the 80's. The old numbers appear to be roughly 1/3 of the actual levels, according to SUF's initial workings. Further drilling and bulk sample results (coming soon!) will confirm, but it certainly seems that de Beers view of information and data is dramatically different from that other interested parties. (I am a very strong believer in the CSO, given their tremendous track record in protecting diamond prices. Even though they are difficult to deal with, all large producers must come to grips with the simple fact that de Beers is the diamond market, and without their "supply management" the commodity prices might be wildly fluctuating, like oil, and would undoubtedly be much lower without their amazing marketing skills) And that is the nicest thing I'll ever say about the people at de Beers. Good luck in your trading! Confluence