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

To: MrsNose who wrote (10324)	12/10/1998 8:21:00 AM
From: Andrew	Respond to of 26850

Thankyou much. I will have to get a copy. Roman Franco knows his stuff. Andy

To: MrsNose who wrote (10324)	12/10/1998 8:24:00 AM
From: Andrew	Read Replies (2) \| Respond to of 26850

Here is the article: Thursday, December 10, 1998 Diamond play excites Winspear investors Garry Marr Financial Post Winspear Resources Ltd. could move into the big league if a diamond strike at its majority owned property in the Northwest Territories proves economic. The company's stock has been leading the charge on the Vancouver Stock Exchange. It has comprised about 10% of the exchange's total volume in recent trading sessions. The share price surge began after Winspear released results from samples recovered from 200 tonnes of kimberlite in the Snap Lake area, about 225 kilometres northeast of Yellowknife, on June 23. Analysts say the results were astounding -- 1.14 carats per dry tonne with an average valuation of about $301 (US) a carat. "There are two camps on the Winspear," says Brian Fagan, author of the Fagan Report newsletter. "There are some people who don't think you can duplicate the results with any continuity and some who think it is the richest thing in the Northwest Territory. "The jury is still out and we won't know until we get [another] bulk sample. Until then it is high risk, high return." Investors can draw some comfort from a private placement of five million units the company is expected to complete today. The deal, announced Nov. 18, is expected to net to company about $10.6-million. It also has allowed company insiders to increase their stakes in the firm to about 20%. Winspear stock (WSP/VSE) was trading at about $2.17 the day before the placement was unveiled but has been climbing steadily since. It jumped 26¢ to close at $3.22 yesterday after earlier touching a 52-week intraday high of $3.33. Winspear's next sample, expected to be in a 5,000-10,000 tonne range, should be processed by May or June of next year, said Sophie Taylor, company spokeswoman. Another positive for the firm is it now holds rights to 67.7% of the Snap Lake property, having lifted its stake by 10% by paying for the financing of the project this year. Aber Resources Ltd. (ABZ/TSE) holds the remainder. Analysts say Aber is a good way to play the diamond project without becoming too exposed. "I don't think it will affect Aber's share price as much as Winspear," if the project does not go ahead, says Art Ettlinger, an analyst at Yorkton Securities Inc. Winspear's stock price is totally based on the project while Aber has other working ventures. Mr. Ettlinger is telling investors who want to buy Winspear to wait for more news. "There is going to be assay results from drill holes and a 500-kilogram sample, and because it's only one-fortieth of the 200-tonne sample, it won't have anywhere near the same amount of large diamonds," he says, adding the market would likely be temporarily disappointed, leading to a buying opportunity in Winspear stock. Wendell Zerb, an analyst at Pacific International Securities Inc., does not believe the stock will move much higher in the short term and is advising his clients to "accumulate" Winspear shares. "That means accumulate on weakness. At these levels, I'm not saying go out and buy it. I'm saying hold and if it drops back it should be bought," said Mr. Zerb. He suggests $2.50 is a "reasonable" figure to re-enter the market. Another factor that could play into the stock is a rumour that a "big name" has bought about a third of the recent private placement. "It has to be a high-worth individual that likes the mining game," says Mr. Zerb, adding the stake would be worth about 5% of Winspear's shares outstanding. Dorothy Atkinson, an analyst at IPO Capital Ltd, wondered aloud why the company did not take the opportunity to raise more capital, based on the fact the placement sold almost immediately. "When people offer you money, you take it," she says. "The ongoing question often for these junior companies is can they afford to continue with their explorations? They will continue to have a high burn rate because of the stage they are at. They are doing a lot of drilling. They need money." Right now, large institutions do not seem too inclined to chip in. "The big boys aren't playing the game at this point, they've been burnt before," says Ms. Atkinson." She believes now might be a good time to take some profits. "If you're a speculator and you like to play risky stocks this is one to play. There is volume and good results. If you're an investor you want to wait," she says. Mr. Fagan agrees. "If you're a speculator it's something you have to own," he said. Winspear Resources Ltd. CEO: Randy Turner Ticker: WSP Listed: Vancouver Stock Exchange Head office: Suite 1410, 650 West Georgia St., Vancouver, British Columbia. V6B 4N8 Telephone: (604) 687-6644

To: MrsNose who wrote (10324)	12/10/1998 9:11:00 AM
From: John Paquet	Read Replies (1) \| Respond to of 26850

Good Morning Margie; I locked in near $1M profits of our ARP near @$5.45 to $5.50 as rally stalled a bit, as old saying "Sell on the rally buy back at correction you will make Titanic Fortune!!!!"; I am prepareing buy back @3.75 to 4.00 areas. I bought lots of our WSP @2.75, @2.85, @2.95 @3.05 and $3.12 as I saw the Bull gate was lifted and as the burst-out down side of that $2.71 did not materialize. Also as the Bull gate was lifted I watched bull prints, our WSP left a gorgeous foot prints that is a gorgeous Gaped up; a RUN-AWAY GAP;in the minutes charts That is why I kept buying and then a gorgeous burst out upside by breakingout that $3.11 and heading new Hi with 1m volume. I believe that Our WSP this rally from that $2.60 will be near $1.40 to that $4.00 of that 1996 old hi. Then I shall see that DARK-BLACK SHADOW CANDLE STICK IMAGES AGAIN. I shall profit taking again. Good luck to you Margie and OUR WSP!!!! John Paquet BTW; our follow named bill said that the other days that $2.81 a gaped up. NO! NO! NO! with only 500 shares gaped up, that doesn't make any sense; no momemtum at all. Yesterday looked at the momemtum it genereated a gaped up. Solomon said "while getting your wisdom; get understanding." Good luck to all!!!!!