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: larry_d who wrote (26358)	8/2/2000 11:33:08 AM
From: james flannigan	Read Replies (1) \| Respond to of 26850

Lets remove wsp shareholders from the situation and look at it from a DBRs point of view.If i were DBs,I would have a need to replace my depleting production,thereby bying up future on comming supply.If I found a company where the market placed a low valuation on it,I may make an unrealistic bid to gage the reaction.Chances are even though I may have to up my bid,I still might make a good deal for my shareholders.Givin my sucess in knowledge in the fact it is very difficult to find economic deposits,it is easier for me to sit back and let some small jr find the goods and then me buy them out.If one of those jrs got lucky and stumbled on a world class find,I would be very intrested,yet not show them that Iam exited to buy.I may try to skake down the shareholders of the jr by threatening to walk,and even launch a takeover of another asset as a diversion tactic while my bid is still active.But what would really scare me is that my compeditor may be in friendly talks with my target.If my competition was not in talks with my target ,I still would not want my target to become my future competition. I would relax my position and up my bid before its too late.

To: larry_d who wrote (26358)	8/2/2000 3:53:16 PM
From: wayne cath	Read Replies (1) \| Respond to of 26850

If I were considering submitting a competitive bid I would be waiting and watching. My fear, however, is that potential WK's have been deterred/reassured by RT that Debeers bid has no chance. Why would a WK not buy into the same 'value spin' we are getting. That being so..any sense of urgency is removed. The bid will fail ..the price retracts..and everyone regroups for round 2. Where do you want to be then? James, as for your house analogy, it can be used both ways. If my neighbor was selling his house 100K house for 10K, I would expect to be tripping over all our other neighbors trying to bid more. After all ...easy money, no??