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

To: Taz who wrote (9514)	11/18/1998 2:25:00 AM
From: Abbeydale	Read Replies (1) \| Respond to of 26850

To All: I have mixed feelings on the financing NR. Many stocks dip after a PP, especially such a large dilution and also considering that now that the financing is in place, they can let the market float, knowing that it will come back. This would be good, because it would drop to a really nice price!!!! On the other hand, if the stock price was held back for the financing, it might just take off like a rock held back in a slingshot! They are not going to finance at $2-2.5 if it were going to drop far below $2. Like some have said, in this market, for a junior to pick up $10.6MM seems unlikely if there is nothing there. Having said that, didn't Donner get $14.5MM around this time last year and look where they are now! I don't pretend to know Jack Squat about share financing, but my take on it is a quick lift in the morning, maybe to 2.60 or so and then a pullback to 2.20 or 2.30 and the either a slow steady rise or fall for the rest of the day to either $2.45 or $2.00, depending on how the market reacts overall (ie: what the experts make of this financing). Thoughts? A

To: Taz who wrote (9514)	11/18/1998 12:09:00 PM
From: Letmebe Frank	Respond to of 26850

Where would WSP fit into this table, based on what's known? Would we be at #2? Table 1 Currently active Diamond Projects and Mines US$/Tonne Project Mines Company Location 1,052 M-1 Pipe Weathered SouthernEra/DeBeers South Africa 338 M-1 Pipe Primary Ore SouthernEra/DeBeers South Africa 210 Diavik (avg 4 pipes) Aber/RTZ Canada 139 Jwaneng DeBeers Botswana 106 Klipspringer– Leopard SouthernEra South Africa 100 Udachnaya N/A Russia 92 Ekati Diamet/BHP Canada 86 Klipspriger Sugarbird SouthernEra South Africa 78 Venetia DeBeers South Africa 63 Koidu Fissure N/A Sierra Leone 53 Jubilee N/A Russia 50 Letlhakane DeBeers Botswana 32 Argyle CRA/Ashton Australia 31 Orapa DeBeers Botswana Message 6460226