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

To: E. Charters who wrote (7008)	7/10/1998 12:59:00 AM
From: kidl	Read Replies (1) \| Respond to of 26850

As soon as I need your help to make money in the markets, I'll get out for good

To: E. Charters who wrote (7008)	7/10/1998 1:07:00 AM
From: bill	Read Replies (2) \| Respond to of 26850

If I get time, I'll write a proper summary of how a successful scam is run. However, having seen any number of successful scams in mining and other areas (penny oil plays are great for this, maybe even better than gold plays. The last really good one was going to find oil in granite. The suckers couldn't give away their money fast enough.), all I can say is RT and colleagues get an F if WSP is intended to be a scam. The are completely hopeless. If you want to ride with a scam, then you've got to find people who know how to do it successfully. Anyone who would be so incompetent as to be exposed after running a stock up to $2.00 is a schmuck. Most scams that I've observed seem to target 20.00. They may got past that a bit, then stop, then dilly dally a bit, then start to slide because the scammers have sold all their stock and now may be making extra by shorting. Anyone who says, I ran this stock up to $2.00 and to do it I spent an 8 million dollar budget is going to sit by himself in a corner and have real hustlers laugh at him.

To: E. Charters who wrote (7008)	7/10/1998 1:14:00 AM
From: bill	Read Replies (1) \| Respond to of 26850

Come on, EC, help me with this. The pros know the ropes but there are a lot who don't. Let's enlighten them. First of all, the swindler has to get h is hands on a legitimate mining claim. Might stake it. Might buy it from someone. Got to prove you've got the mineral rights. Best property is close to an old mining district. This ground got overlooked. There are a few juniors right now peddling this story. Once they've got the property, they've got to package it. Glossy brochure. Needs to make the deal look legit. Want to create something that sounds good but doesn't mean much. Part one is the easy part. Part two takes quite a bit more doing. But the swindle usually follows the same old pattern.

To: E. Charters who wrote (7008)	7/10/1998 1:26:00 AM
From: bill	Respond to of 26850

Part two usually includes a geological report. The stuff quotes may very well come from some respectable publications. Geological Survey of Canada is good. Except the material quotes won't have anything to do with the property. Sort of like describing the mansion in the next neighbourhood instead of the shack you're trying to sell. Usually will throw in the names of a few successful mines in the area. You know, a hundred years ago the richest silver mine ever known was close by. Got to get misleading assays, of course. Those are essential. The scammer has a couple of choices. Salt the sample, BreX style and let a legitimate assay company give you credibility. Or pay a crooked assayer. Seen a few of these over the last few years. Usually they do special assays instead of the standard one because the standard assays don't work in this special situation. I've learned the hard way, never, ever, to buy stock of any company that is going to mine placer deposits. It's amazing how the gold, diamonds, whatever, disappear after the stock has had a run up. Again, right at the moment, there are some promotions going on touting placer deposits. Who knows, the companies may be legit but placer deposits are fickle.

To: E. Charters who wrote (7008)	7/10/1998 1:37:00 AM
From: bill	Read Replies (1) \| Respond to of 26850

If WSP was/is a scam, then the management has done a lousy job. First of all, they shouldn't be in the NWT. Too close to home. The best scams are somewhere distant and difficult to get at. A mountain top in Peru or some god for saken place in Africa. Local workers, none of whom speak English and know nothing about mining. Yellowknife is too close. The employees get to go to bars. If there is poor security for core or bulk samples, word would get spread very fast. Second, they shouldn't have a major like ABZ as a partner. They should have one hundred percent of the property. Or, a jv with a junior that they can control and use for "leaks" and for washing stock. Third, the orchestration of results leading to a worthwhile run up should be planned so it takes place over a reasonably limited time to avoid risk of exposure. WSP has been exploring for a terribly long time with constant mixed results that undercut the price. I don't know, EC, seems to me if WSP really wanted to run this thing to 20.00 plus, they need to hire someone who knows how. Maybe there's a place for us in their organization. 500,000 options apiece at 40 cents. Run it to 21.50. Unload at 20.00. That's 10,000,000 each.