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

To: Gary Nash who wrote (10870)	12/24/1998 10:45:00 AM
From: james flannigan	Respond to of 26850

Gary,you are right to be very caushious in this type of investment as there is no way of putting a value on the end of a spinning drill bit. However i think given the information we now have eg) the high grades in the bulk sample.I remember a few years ago when the Bre-x story was building the market would give any company a nose bleed mkt cap if they would stake a claim any where on the planet.To day we are in a i dont belive it show me market.This is a safer place to invest in than only a few years ago.If wsp would have released there findings a few years back the stock would be a 100 bucks. I also find it odd that the company would have just got lucky and found the only spot on the property that contained diamonds.It would be unreasonable to think that thi is the end of the story at this point. james

To: Gary Nash who wrote (10870)	12/24/1998 10:56:00 AM
From: Sudhir Khanna	Read Replies (2) \| Respond to of 26850

The best way to speculate in the junior exploration companies is at or near the same price as the insiders. The stock price of Winspear may be volatile in the short term but by mid 1999, Winspear has the opportunity to be a market leader. A closer look at the private placement names are provided below. Insiders may sell for many reasons but there is only one reason for insiders to buy stock - they hope to make a profit. From the December 2, 1998 issue of The RESOURCE INDICATOR: "A discovery and debate of this nature usually leads to volume and much awaited liquidity for the largest and the longest shareholders - the principals of the company. In this difficult market, insiders are struggling to generate liquidity in order to raise some cash for their own pockets and to recycle some cash back into their dream speculations. At a time of unprecedented liquidity for Winspear, instead of isolating some cash, the insiders are actually adding to their position through the private placement announced on November 17, 1998 for five million units at $2. The financing was reportedly fully subscribed within one hour, in-fact it was oversubscribed by a large multiple. I am speculating that insiders probably took about half of this financing as part of it was 'non-brokered'. Winspear has no trouble finding caregivers for what lies under Snap Lake. Instead, Winspear's principals have chosen to take a long-term view and be present for the eventual birth of an important mine and its adoption by bigger pockets. The importance of this action should not be lost on potential speculators. The principals of Diamond Fields were buying stock up to $12 , after it had just moved up from $3. They understood the potential of the property, as do the Winspear insiders. The current financing will strengthen the insiders position and give a clear controlling block to the current decision makers. The directors now probably own approximately 20% of the most consistently liquid stock on the Vancouver exchange. Clearly, the insiders expect bigger and better things from Snap Lake and are grooming the share structure to maximize long term gains. Instead of a pregnant pause or decline that would normally accompany a program at this stage, Winspear continues to gain strength." The entire issue can be reviewed here: winspear.com Placees: Top ten placees (and 37 other placees): Great Pacific Industries Inc. 1,900,000 FT (we know who this is) Randy Turner 50,000 FT 150,000 NFT (President) John Greig, RRSP 100,000 NFT (Director, P.Geo.) David Lucas 150,000 NFT (Director, Head of Lucas Media) Mike Muzylowski 200,000 NFT 100,000 FT (Director, Very Experienced) Alfred Turton 300,000 FT (Director, Director of Cannacord) John McDonald 100,000 NFT 50,000 FT (Director & V.P. Exploration, Ph.D., P.Geo.) Stanley Case 100,000 NFT Paul R. Brockington 150,000 NFT Drora and Abraham Aronowicz 100,000 NFT I would like to wish all of you and your families a safe and joyous holiday season. Sincerely, Sudhir Khanna, P.Eng. Editor, The RESOURCE INDICATOR goldsheet.simplenet.com Free Trial: mailto:khannas@interlog.com?subject=WSP_Free_Trial