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

To: donkeyman who wrote (11625)	1/12/1999 9:03:00 AM
From: wayne cath	Read Replies (2) \| Respond to of 26850

Globe reporter Ingram looks at Winspear bubble theory Winspear Resources Ltd WSP Shares issued 33,721,333 Jan 11 close $3.75 Tue 12 Jan 99 In the News The Globe and Mail reports in its Tuesday edition that John Kaiser, veteran Vancouver Stock Exchange watcher and author of a well-regarded newsletter on penny stocks, The Bottom Fishing Report -- thinks Winspear Resources Ltd.'s share price is currently out of touch with reality and says there are still questions that need to be answered about Winspear's diamond play. As reporter Mathew Ingram writes, Kaiser believes that because of a lack of detail about the sample results, he feels Winspear may be "on the threshold of developing a dangerous speculative bubble over the next six months that could take the stock into the $10-$15 range and finish with a catastrophic crash akin to the Tli Kwi Cho bust of August, 1994," when the whole junior diamond sector nose-dived. Winspear is keeping its cards close to its chest until the bulk sample is completed. Unfortunately, this leaves the market trading on a vacuum of information, and the market, like nature, abhors a vacuum. If it cannot fill it with facts, it will find something else. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com