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

To: peter matson who wrote (8192)	10/3/1998 2:22:00 PM
From: kidl	Respond to of 26850

LOL Peter, not only same thought but also same time. kidl <eom>

To: peter matson who wrote (8192)	10/3/1998 3:02:00 PM
From: HiStakes	Read Replies (1) \| Respond to of 26850

Regarding financing: Watch out on this one. I've been here before... Potential financing deals are announced that are not seriously contemplated by the financiers. The hype causes the stock to skyrocket and in the meantime the broker is busy shorting the stock. Then they announce the financing for whatever reason will not go forward, and the inevitable happens. This is how brokers make money on the way up and the way down. Can I prove it? Nope, but I've seen it too many times and I've always been on the burnt end of the stick. IMO, this is what happened to Western Copper if you want an example to look at.

To: peter matson who wrote (8192)	10/3/1998 6:27:00 PM
From: bill	Read Replies (1) \| Respond to of 26850

Yes, it is true that the best deal for the investors is for the company to come out with great results, see the stock rise to six bucks, finance 3,000,000 at five bucks. That way there's lots of cash on hand and not too great a dilution. HOWEVER, financing deals are not always so straightforward. When financing is hard to come by--as now--the financier may be willing to come upwith needed cash but at a lower price than the present market price. Say the stock is trading at 1.25 and the brokerage is willing to finance at 75 cents. Tough on the current stockholders and if done on a big amount of stock may result in a roll back later. Or, if the money is to come from insiders who want cheap stockand a guaranteed profit, they may also offer cash but only if the price falls back. Nobody in this game is making any of these moves with the stockholder in mind. What is going on at WSP? I've no idea. As I stated earlier, the most likely cause is that insiders know something about the samples taken this summer: a. more big diamonds b. more kimberlite--this could be two things 1) they've found what looks like a source buthaven't been able to confirm it with two more holes 2) they haven't found a likely source but they have found that the dyke/sill has increased in size and the likelihood of mining it has increased 3) they've found something new. As to Cannacord buying and selling, it would help if we knew whether the brokers were buying for clients or for the company account. Unfortunately, I don't know of any way to identify the difference. I'll be very surprised if we do not have an NR next week. If the volume and price hold up in the face of a collapsing market, then something has to be going on.