Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marcos who wrote (23695)	7/27/1999 8:34:00 AM
From: don jackson	Read Replies (1) \| Respond to of 26850

Here a small note from today's Globe and Mail Shares of mining junior Winspear Resources Ltd. tumbled yesterday after a California newsletter writer said the stock price could be headed lower because results from Winspear's Camsell Lake diamond project in the Northwest Territories lagged expectations. Mining analysts said comments by John Kaiser, publisher of the California-based Kaiser Bottom-Fishing Report, sparked Winspear's 14.2-per-cent drop on the Vancouver Stock Exchange yesterday. The stock was trading at $4.20 in mid-July, just prior to a new release by Winspear saying a 3,000-tonne rock sample from the Camsell Lake property contained 5,165.81 carats valued at $111.98 (U.S.) a carat. Mr. Kaiser said those results suggested Camsell could be developed into a profitable mine, but not as profitable as indicated by higher-grade diamonds in previous samples. A mining analyst, who asked not to be identified, said many investors tend to be influenced by what they read in reports like Mr. Kaiser's because newsletters are often their only source of information.