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

To: whiskeyjack who wrote (9617)	11/20/1998 8:51:00 PM
From: Rocket Red	Read Replies (1) \| Respond to of 26850

Why whats wrong don't you believe in Wsp I have a core position to hold and I'm not there patsy. Yes wsp came down today i'm sure lots of people sold as traders saw that we could not bust the old high on this news and now the stock has lost some ground.No big Deal if she comes down to 2 bucks you can buy more or maybe it will go lower I don't know. Buy a core position and hold it when it comes down buy and trade it.Thats what everone is doing. Where is Teevee Don't ask me maybe he sold most and will buy back your guess is as good as mine. PS My sources are no good your Call.

To: whiskeyjack who wrote (9617)	11/21/1998 2:29:00 PM
From: teevee	Read Replies (3) \| Respond to of 26850

Hi whiskeyjack, I have been out of town for a week. As far as I am concerned, with the amount of money WSP has, there was no need for the private placement. With the warrant, there is over 20% dilution. Why sell a $100 stock for $2 bucks? The only rational explanations that make any sense at all (over and above greed)is that WSP is being "groomed" (subject to this winter's drill results and the big bulk sample results) for either a merger (possibly ABX or SUF?) or a possible take over(with insiders holding more than 10% of the company, a hostile aquisitor can't force the purchase price if more than 10% of the stock is withheld from an offer).Also, if there was a bidding war for controll (say between Debeers and RTZ), with ~25% of the stock in strong hands, it is unlikely that controll could be bought for too cheap a price. I remember with fondness the bidding war between Inco and Falconbridge for Diamondfields. I will be very interested in seeing who is on the private placement list when it is filed. One can only assume that the current market maker and sponsoring broker for the rumored TSE listing will have taken down a good chunk of it. No one in my network yet knows anyone getting some of this privated placement. As for share price volitility, I learned along time ago that I am not a good trader. I am now sitting back and waiting for bulk sample results next May or June. Needless to say, the private placement has forced me to adjust downward, my expectations as to how high this stock could/should go. regards, teevee