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

To: maintenance who wrote (23623)	7/26/1999 6:56:00 PM
From: Confluence	Respond to of 26850

Hello maintenance, Good points, but those who have the warrants paid the same or a little less to gain them, and shares, in the PPs of last year. This makes them sophisticated investors with access to just the type of analysis you recommend. The perceived risk is that the shares could go lower, in such a way as russett has pointed out. After a good run-up, the stock has sold off because expectations were higher. Now WSP has gone from sure-thing to needs-more-work. This isn't to say the ore is bad, it just hasn't been proven to be economic -- yet. I believe it will eventually be a smallish mine, maybe 1,000-2,000 tonnes per day, but that decision must await further bulk results, which seem unlikely before next year. So, faced with little good news potential, and an eroding share price, some folks will be inclined to sell. They are faced with booking a small profit now, and letting the paper profits ride, or waiting it all out, with a potential further erosion of their real cash invested in the PP shares. In hindsight, they may be kicking themselves for not have sold some/more into the recent rallies, as they knew that after the second bulk, news would be slow for quite a while. Just my opinions, Confluence