SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: Rick the Vet who wrote (9472)11/16/1998 9:05:00 PM
From: bill  Respond to of 26850
 
Thanks, you put together coherently what I've been wondering.
Balanced against it is all the buying. I feel a bit like I'm in the
same situation I once was in a foreign country: everybody is
yelling and cheering and clapping and I'm looking around the street
and can't figure out what's going on. Didn't speak the language,
either. What I saw was no food in the shops, people unpaid.
Turned out they thought there was going to be democracy and
prosperity because the old govt. was being replaced. Didn't work,
of course. Hope the yelling and cheering and clapping that's showing
up in the bids today is because of something more than the
diamond counts from the tailings.

No NR yet and it is now 6:05 on the WestCoast. At least I haven't
had a FAX and those usually come before I get the same message
via email.



To: Rick the Vet who wrote (9472)11/16/1998 9:51:00 PM
From: Mr. Oil  Respond to of 26850
 
>>I think we have been led down the garden path a bit with all this news hype.<<

Perhaps you are right about the hype part but as for being led down the garden path, I don't think so...not at least by WSP. I received an email explaining the purpose of the 500kg sample a few days ago and there was no hype or misleading info in the message from Sophie. The hype has been our(the collective well meaning but overly excitable share holders) own doing.

The NR to come I believe will establish the total grades of the kimberlite taking into account both the 'macro' and 'micro' diamonds. Since we already have the macro counts the assumption I am making is that anything they find of the micros will ad to the CPT and provide a good model to compare the winter drilling core and bulk samples to. I don't think the NR will hurt the share value but neither do I think it will tell us anything more about the size of the resource. Just it's potential value CPT and $pt. It will take future drilling to prove up the volume of the resource and the ultimate $64,000,000 question...How big is it anyway? (Perhaps the question in this case is worth more than that)!!! With this likely meaning the share price will drift into the winter, I hope to ad to my holdings at lower prices. But for the bulls let me assure you I am not selling to buy back later...just in case I am wrong again ;) FWIW. Take Care!

Ray