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

To: teevee who wrote (23615)	7/26/1999 5:49:00 PM
From: Rick the Vet	Read Replies (1) \| Respond to of 26850

Looks like a gale force wind has shaken all the small fry out. Once and for all? No, probably, not for as soon as this baby pushes through $3.25 all these lemmings will once again will be clammering aboard our ship. Buy out about to happen? I don't know but if I were Debeers I would seriously think about bidding for her right now while I can steal her.

To: teevee who wrote (23615)	7/26/1999 6:00:00 PM
From: Confluence	Read Replies (2) \| Respond to of 26850

Hello teevee, About those questions and issues that I have so "persistantly skirted". Once again, please specify, as I'd love to help you out. My calculations from the info posted by russett (thanks, BTW!), would have, in the money, expiring this year, the following: 515,000 at 2.20 1,750,000 at 2.25 3,250,000 at 2.50 which, upon exercise, would leave WSP with $1,133,000 + $3,937,500 + $8,125,000, for a grand total of $13,195,500. Lots of dough that must have seemed a sure thing until just recently. Tell me why, holding say a million shares and warrants, you wouldn't be better off by selling into the tremendous liquidity (like today), while still being able to maintain your total shareholding by replacing this with the cheaper stock through the exercise of the warrants? Or, if you wanted to be negative, you'd say: "Self, I've got me all these free warrants that I can use to get cheaper stock, so what if some more disappointing news comes out? If I sell into the market now, I reduce my exposure while still having until Xmas to decide if I want to pony up some dough. These guys are gonna need this dough, so maybe I can work a better deal later in the year. And if bad news happens with the CF numbers (strangely late), then whew, at least I got my real money off the table and only left the play stuff." (If you can't imagine owning a million shares, then pretend you're a pension fund manager, or one of Pattison's stock guys, and your boss wants to know why you didn't sell into the the last rally.) So, in answer to your question, yes, I do have a couple ideas. Best Luck, Confluence

To: teevee who wrote (23615)	7/26/1999 8:02:00 PM
From: peter matson	Read Replies (1) \| Respond to of 26850

Teevee I spoke to Randy Turner at some length on Friday night and feel very secure with my position in this company going forward. He certainly did not hype the stock in any way but was very confident that a mine would be developed and that shareholders will one day be rewarded for their patience. Personally cant put a good spin on todays market action but that the market and in particular thats the resource sector we're saddled with at this time. The stock is going into stronger hands and that in itself should prove positive. If someone sells and buys back on the cheap then thats good for them. Regards