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

To: higgins53 who wrote (6782)	7/2/1998 8:20:00 AM
From: George J. Tromp	Read Replies (1) \| Respond to of 26850

Come on here folks., lets get your heads out of the clouds., on these rumors., just to take a contrary point of view., Chuck. There are more likely takeover candidates than Winspear., sure the possibility exisits a major is accumulating shares. But lets get real here and take a dose of reality. The strenght of the diamond market is in large stone pricing., of which both Southernerna., M-1 qualified., and probably Winspear as well., but pound for pound., Rex Diamond stacks up more favorably., if a takeover would occurr tomorrow., if Debeers had a list of takeover targets., I believe the 3 fissures in S.Africa., where 2/3 of production is over 1.80carats., high gem quality., and a portfolio of properties most juniors would drool over. NAV trading at 20mil., with possible tonnage of 11mil on the 3 fissures., not to mention., Mauritania., a diamond play the size of Belgium., and Holland combined. The future will lie in production out of Sierra Leone., and Angola., there is probably none better situated to make this happen., than Rex and Southernera. Rex has reaffirmed their Tongo fields., an asset valued by Luc Rhombouts at 3.3Bil., exclusive of ancillary finds such as small pipes., Zimmi is a story initself., large alluvial concession that has produced large stones. Lets get real here folks., maybe a reality check is in order. You all know that I have been a big supporter of Winspear and hope they define a nice tonnage situation., but value is value., and currently a 20Mil market cap., on Rex even in the eyes of DeBeers must be viewed as a value asset. Expand your horizons., lest you be consumed with narrow minded thinking. Sincerely George J. Tromp