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

To: whiskeyjack who wrote (10685)	12/18/1998 9:26:00 PM
From: teevee	Read Replies (2) \| Respond to of 26850

Hello whiskeyjack, I heard the insiders took down $2.7 million of the placement. I doubt some of them had deep enough pockets to outright buy it. On another note, a very nice new map - a cross section of the cone sheet is now posted on Winspears website. Check it out. regards, teevee

To: whiskeyjack who wrote (10685)	12/18/1998 10:24:00 PM
From: Abner Hosmer	Respond to of 26850

That is interesting. While we wait for the cores and the micro count, they are selling.

To: whiskeyjack who wrote (10685)	12/18/1998 11:04:00 PM
From: bill	Read Replies (2) \| Respond to of 26850

Thanks for the information. Could you post the Insider Selling report? Thanks.

To: whiskeyjack who wrote (10685)	12/19/1998 12:25:00 AM
From: D.R.A.	Read Replies (1) \| Respond to of 26850

We must wait and see if the insiders that have sold their stock are in the pp. If they are in then I feel that the wsp shareholders should have some more confidence. I believe that some if not all of the pp are flow through shares with a four month hold. I understand that the flow through comes with a write off. The advantage to the insider is that they can write the purchase of their shares off for tax purposes and in turn wsp will benefit by turning insider shares back into working capital for the company. If the bulk sample program is successful and what they think they have is proven then the insiders will exercise the warrants. This will in turn give additional monies to the treasury. ( the insiders will also profit ) I also believe that this will give insiders and friends of the company about 20% of the shares which will make an unfriendly take over harder. As I see it, the leverage in this play is with wsp as operator. Having said all that I also believe that the insiders in question are participants. regards, DRA