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


To: teevee who wrote (23561)7/26/1999 12:54:00 AM
From: Shaw  Respond to of 26850
 
IMO, teevee, the confluential one has been bang-on with his WSP predictions. He said the next bulk would be worth $200/ton, grading 1.7cpt. That was almost right on, while many on this thread were spinning the first bulk sample results as "good, but wait til the next one.... pit 3 will come in HUGE!!!" Also, he called WSP opening lower after the bulk sample 1 NR while others were spinning some kinda psychobabble. Then, after getting criticized and spammed, he called the WSP share price 100% correct after the 2nd bulk NR. He even offered to sell Red some stock short at 4.75-5.00 (his choice, if I remember the post). I have taken his opinion on WSP and have done well in the past. His posts have been informative, accurate and sans hype.

All MO, but backed up if you want to go thru the posts. It's fine to call someone a "shorter", "spammer", "ill informed" or whatever but you must back up these accusations or all your credibility is lost. Calling Confluence some of these things cannot be backed up because they are all here on SI, in back posts, for everyone to see.

Keep posting Confluence, your opinions are very welcome from this WSP follower.

Regards,

Dean



To: teevee who wrote (23561)7/26/1999 6:56:00 AM
From: Confluence  Read Replies (2) | Respond to of 26850
 
Hello teevee,

Thanks for the reply, although it seems that you neglected to answer any of the concerns:

1) WSP is no peer of DMM and ABZ because one is an operating mine, and the other is expected to have received all necessary approvals and permits by this fall. Neither requires more work to prove up resources or demonstrate feasibility.
2) Again, it seems that you don't understand the concept of feasibility. Until it can be conclusively (not by you) demonstrated that WSP can get the wonderful ore out of the ground in a profitable manner, to the satisfaction of analysts and bankers, it is a great resource, potentially, but not necessarily economic.
3) I am no longer short of WSP (never longer than a few hours) though I am very surprised to see it drop to present levels. I thought all the hypesters would help to keep it afloat, but it seems that common sense has invaded even the most unlikely sources (witness the recent posts). I have no position in MPV, though I am considering it. And of course, I am a long SUFferer. Now show me yours.
4) The warrants are wonderful instruments that could have helped to finance the next bulk, and seem to be in the money at present. However, if I was gonna exercise, knowing that no real good news is expected over the next few months, I'd sell my stock into the market to replace it with $2.50 stock, just like the "sharp" folks expecting a new issue would do. You really should think a little further out, and put yourself in the position of a larger shareholder. Imagine the advice such a person might receive from many sources, including those at WSP.
5) Opinions are exactly that. And these, like many others are mine. While I'm not always right, I've recently had this WSP pegged pretty good. At least I didn't try to invent new geologic formations, ingore basic statistical analyses, insult any with contrary views, and then once less-than-expected news was received, didn't try to demonstrate how it really was better than I thought. Remember all the WSP "got unlucky" tripe, the $4-600 per tonne ore expectations, the big diamonds they'd easily find lots of (was it 74 or 68 carats?), or the laughable Pit #3 will be much better than Pit #4 because of blah, blah, blah.....

I stand by my opinions, much as I'd expect you to.

The difference is that when I'm wrong, I'll certainly admit that I'm wrong (happens more often than I like).

I've only seen your opinions here, on the ABZ thread, and on the Canadian REIT thread. Do you have any apologies for those that you've incorrectly blasted?

Best Luck with your new math,

Confluence