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

To: don jackson who wrote (6055)	6/15/1998 5:13:00 PM
From: marcos	Read Replies (1) \| Respond to of 26850

Speak o' the devil Kaiser says "oversold" stock worth buying Winspear Resources Ltd WSP Shares issued 32,726,333 Jun 12 close $0.52 Mon 15 Jun 98 In the News John Kaiser, writing in his June 8 Bottom-Fish Report, says Winspear Resources "remains a good bottom-fish buy," adding that a rebound from the current oversold position is a "strong possiblity." Mr. Kaiser recommended WSP in February 1997 at $3.61 as a double, and again in December 1997 at 84 cents. Winspear has been in a steady downtrend since early February, when joint-venture partner Aber Resources pulled out of the $2.7-million Snap Lake exploration program, he notes. Now, it is 46 cents. No reasons suggesting a negative outlook for the project were offered by Aber, Mr. Kaiser stresses. On May 1, Winspear conceded Snap Lake had not yielded joy in its latest phase of drilling. Still, Mr Kaiser finds the Winspear story compelling. After chatting with WSP president John McDonald, the U.S.-based letter writer emerges with a new appreciation of the area's kimberlite geology. Still, if worse comes to worse, Winspear will still have $5-million working capital at the end of the program and is in a strong position to carry on further exploration later this summer. Mr. Kaiser also notes as positive WSP's option with Tyler Resources on a property that adjoins Dia Met's Ekati block. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com