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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: brian krause who wrote (1432)	10/23/1998 2:42:00 PM
From: The Fix	Read Replies (1) \| Respond to of 2251

Hello Brian, That's what I was trying to get across to Red on the other thread! WSP has cash in the kitty for all of next years work. In addition they have WTY's and options (In-The-Money) at current levels. When this company goes to raise cash, it will be done at higher levels. The interesting thing is that WSP will move to the TSE next year. Financing from Canaccord isn't a given (WSP is in the drivers seat now). I hear that RBC is chomping at the bit to lend WSP money, thanks to their diamond guru Hilton Ashton that has turned his view around about Snap. fIXER

To: brian krause who wrote (1432)	10/24/1998 1:32:00 AM
From: Tomato	Read Replies (1) \| Respond to of 2251

I don't think so. If the news in the next few weeks is good, then the share price will likely appreciate to well over the $1.62 figure of a lot of the options. If the price is, say, $3.24, then mgt. will have given away a lot of money for naught. And the bulk sample should MAKE WSP money at 68% of $343/tonne. Doing a little calculation I come up with about C$3.5 mil from the bulk sample, less expenses (assuming a 10,000 tonne bulk sample). So, no, I still don't think the Great Option Re-Pricing was anything but a rip-off for the then existing SHs like me. They don't need the money now and by the time they do, they will probably have a much higher stock price that would allow higher priced options and more money for the treasury. However, it all seems like ancient history now- but it's good to remember the past lest we forget and re-live it, eh? Or put another way, "Fool me once, shame on you, fool me twice, shame on me."