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

To: The Fix who wrote (25283)	1/16/2000 2:37:00 AM
From: bill	Respond to of 26850

Looks like your call is good based on historic price moves. Significant drop in price. Closed on its low. DSP made sharp drop in tandem. Although I've still got a mouthful of feathers from having to eat crow over the unexpected bump up in price, I'm still doing the hardest thing of all in this game--waiting. I may get the stock at my price yet. Another two weeks and we'll see. Since the bids were being hit all day someone wants out and wants out badly enough to take lower prices than they needed to take in the previous twelve months. Strange time to want out at new lows. The time frame has shortened significantly. Drilling ice is forming at a good rate. There's money in the kitty. The lawsuit, even if WSP would simply say give us the money you owe and we'll settle, should have no significant impact on the company. WSP really has nothing to lose. The get the back payment at worst. Or they get the payment plus a penalty that would give them more cash for the coming program. Or they don't get any cash but keep a bigger percentage. No downside in any of those. Since they haven't gone to court, legal costs should be relatively small. It's when you hit the doorof the courthouse that the lawyers get to plunder the company's bank account. The Toronto listing is a red herring. If TO said no and gave as a reason something unknown and unexpected, that could have an effect. However, penny stocks going onto the TSE do not surge in price because of the listing. At the moment we're in a waiting game. As with all mining companies, the likelihood of no news, boring news, bad news, always outweighs the likelihood of good news. That's the nature of the beast. Is the price down at this stage because there's bad news and someone is front running? Unlikely given the minor volume. Wish we had 24 reporting on insider's trades. Maybe someone needs cash to pay for all those Christmas expenses. Anyone on the board of directors getting a divorce? Is there a financing in the offing and the company has got to get the price down in order to get the money. Financing of ten million shares at two dollars perhaps?

To: The Fix who wrote (25283)	1/16/2000 8:32:00 AM
From: Chas.	Respond to of 26850

Hi Fixer, good to hear from you..... IMO the TSE thing is one of creditibility, when they get listed we will not see any big rush to buy but it is better than being on the infamous Vancouver and I am not sure about the CDNX yet, too new.....it is all a perception thing anyway. Institutions feel better about spending their bucks on the TSE and that is about the only really significant difference, I'm sure the hold up is bureaucratic paperwork. I made my Rex money as a long, flat at this posting but will get back in as low as I can, maybe 3.50 or 4$.???? I don/t follow the oil and gas guys....I am serious on the Telecom/wireless issues, good stuff there. The most fun of all though is right here on SI, SW, SH a real gas.Keep your pedal to the metal, see you at the PDAC.