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


To: .Trev who wrote (25872)5/17/2000 7:59:00 PM
From: ddl  Read Replies (1) | Respond to of 26850
 
No more hagling dotTrev, I agree.
I just don't see the profit picture yet keeping in mind 3 major concerns.
1) The appeal
2) The probable damage suit from ABZ
3) The effect of share dillution on bottom line
I agree, this could be a ???? longterm investment. It's what we are going to get come dividend time that's my concern.
Do I want to wait 3 years for a double maybe triple not knowing the effects of 1 & 2?
After 2-1/2 years with this puppy, I was, till about a month ago very confortable. Now, I'm not.



To: .Trev who wrote (25872)5/18/2000 12:16:00 PM
From: Lorne  Read Replies (2) | Respond to of 26850
 
.Trev - Correct me if I'm wrong but didn't Turner say at the AGM that Snap would be the third diamond mine in Canada? I wasn't there but think I read it on SW yesterday. Also you seem to continually think that I am knocking WSP as a stock when I've never done it. I just think that Turner is a typical Howe street promoter, like Pezim and Friedland, who got lucky and now many think he's a genius. The re-pricing of options and other moves confirms this in my opinion. I'm always amazed when I read the annual reports of other companies that I own stock in and compare the behaviour of their CEO's to that of Turner. They seem to be trying to grow companies while Turner seems to be only concerned with growing his own bank account. True, in the long run his desires and ours converge to a point but with a different guy at the top we would be doing a lot better. As teevee pointed out on SW I wouldn't be a bit surprised if Turner wants the share price here so he can take down a large amount of a private placement himself. We both apparently believe that Snap is a fantastic property. I just wish that Turner would put a little effort into the share price.