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

To: Tomato who wrote (3620)	10/28/1997 1:23:00 PM
From: bill	Respond to of 26850

A rather negative article in the Financial Post today. DeBeers spokesman says that they except a drop in the demand for diamonds because of the market proiblems and currency problems in the Far East. It's worth reading. That's the second article like that that has appeared lately. Te first one was a rehash of old news made to look like new news--the Russians have huge secret stockpiles of diamonds, etc. so there's too m uch supply, then this about falling demand. One more article and I'll begin to be suspiciouis that there is an effort on to knock down the price of Canadian diamond exploration companies. Where ther eis competition there will be games played. And, of course, the real shorters are those operating on a global scale.

To: Tomato who wrote (3620)	10/28/1997 6:10:00 PM
From: Shirley Owen	Read Replies (1) \| Respond to of 26850

Hi Tomato, Just for you! I went to the VSE website and dug up the pertinent information so you can see the relevant info: Note the term registered that they use at the outset. You can register as little as 25 shares and still have a vote. I'm not sure of the cost today, but I believe it's around $25.00. A lot of people register all their shares so that they cannot be used in a short pool. Registered shares and RRSP shares cannot be loaned by those who would short them. I agree with you that it can be cumbersome for trading unless you appoint the broker in trust. The only problem is, that you would have to transfer them to street shares should you want to trade them. Please don't shoot the messenger, even though I don't bring you good tidings. These are the VSE rules. If it were up to me, Tomato, I'd let you vote R.T.'s as well. :)) Rule F.8.00 Proxies F.8.01 Restrictions No shares registered in the name of a Member or his nominee, but not beneficially owned by the Member, shall be voted or a proxy to vote the shares given, unless the Member forthwith sends or delivers to the beneficial owner, at no expense to the beneficial owner: 1. a copy of the notice of the meeting, financial statements, all information circulars and any documents, other than the forms of proxy sent to shareholders for use in connection with the meeting; and 2. a written request for voting instructions from the beneficial owner stating that if voting instructions are not received at least 24 hours, excluding Saturday and holidays, before the expiry of the time within which proxies may be delivered to the company or its agent as specified in the notice calling the meeting, the Member may, in his discretion, vote the shares, or appoint a proxy holder to vote the shares, at the meeting. F.8.02 Beneficial Ownership No Member shall vote or appoint a proxy holder to vote shares registered in his name or in the name of his nominee if he does not know the beneficial owner of the shares. F.8.03 Written Instructions Required The Member shall vote, or appoint a proxy holder to vote, any shares referred to in Rule F.8.01 in accordance with written instructions received from the beneficial owner. F.8.04 Obligation to Provide Proxy A Member shall, if requested by a beneficial owner, give to the beneficial owner or his nominee a proxy enabling the beneficial owner or his nominee to vote any shares referred to in Rule F.8.01. F.8.05 Exceptions This rule does not apply to a Member who is a trustee with respect to shares held under a trust instrument which regulates the manner in which those shares are to be voted. Ciao, Shirley O (Tarnished HRH)