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

To: chummer who wrote (11079)	1/3/1999 7:50:00 PM
From: teevee	Read Replies (2) \| Respond to of 26850

Hi Bill, I think the chances are good, and what would it do to the stock price? Do you remember a company called Diamond fields? When this winter's exploration brings the data up to the comfort level for the mutual funds (remember that there are more funds out there than companies listed on the exchanges), they will likely come into Winspear, and the stock will likely have to be split to accomadate the buyers on both sides of the border. Remember that prior to Bre-x, funds listed on the TSE never bought at these levels unless they had rigged deals (the funds had enough money coming in and the float was tight enough on the juniors they backed, that the funds could make the market at ever increasing prices. This made their quarterly statements look absolutely fantastic-a practise that encouraged even more buying by naive retail investors. There never was any real liquidity though-I heard that the regulators were so nervous that they were about to shut some of them down-lucky for them Voisey's Bay came along and backfilled with some real value and assets at that time). The TSE is still renowned world wide for permitting the greatest ponsi schemes of the century (not Bre-x, but some of the various mutual funds that were and are not much more that a "house of cards"). It will be interesting to see if there are changes to how these these Canadian TSE listed funds operate, now that most of them are directly or indirectly owned by Canadian banks. regards, teevee