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

To: wayne cath who wrote (26352)	8/2/2000 12:38:34 AM
From: Lorne	Respond to of 26850

Wayne - I'm not entirely convinced that the share price tanks when the bid fails, even if we don't have a bid to replace it with. I know that teevee is saying that it will though and on the technical matters he should definitely be listened to. Anyway I really can't see this thing playing itself out that way. DeBeers isn't going away if this bid fails and nobody else bothers to make a pitch. They'll up the offer because they desperately want these diamonds and will definitely go higher if forced to. I'd bet on it, I mean I have bet on it!

To: wayne cath who wrote (26352)	8/2/2000 6:32:39 AM
From: james flannigan	Read Replies (1) \| Respond to of 26850

Wayne,I can understand your thinking about tendering your shares for 15 cents on the dollar.This is exactly what type of fear DBRs plays on, the threat of " take our $4.25 or else we will withdrawl our bid".May be you need the money,thats ok then tender.The stock price the day after the DBRs bid is of no concern.Your company as clearly demonstrated that your investment in what will be the worlds most valuable diamond deposit ever found is now selling for only a fraction of its value.You have been luckly that you own a deposit,that sat there for millions of years undiscovered,that your partners WSPs management team found.Now those same partners that you have trusted over the past few years,have once again asked for trust in letting them decide the best rout to take for all of us.BYy selling stock at this most critical point in time,is to say I do not trust my partners judgement anymore.But keep in mind that RT and the gangs foutunes are tied directly to yours.This management team we are lucky enough to have working for us,is outstanding.The daliy or monthly stock price is not what matters hear,its the quality of the management we can hire for only $4.30 a share,that is true bargin. Have a good day James