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

To: .Trev who wrote (11720)	1/12/1999 7:35:00 PM
From: Sapper	Read Replies (2) \| Respond to of 26850

I see BB is at it again........ Bishop says sell Winspear: results skewed Winspear Resources Ltd WSP Shares issued 33,721,333 Jan 12 close $3.77 Tue 12 Jan 99 In the News Robert Bishop, writing in the Dec. 15, 1998 edition of his Gold Mining Stock Report, casts doubt on the results of Winspear Resources's June 22 mini-bulk sample, saying that the value of the three largest stones may represent at least half of the total value of the sample. This is largely the point that fellow letter writer John Kaiser made much later, on Jan. 8, 1999; Mr. Kaiser went said he had reason to believe the three largest diamonds represented at least 75 per cent of the sample's value. Mr. Bishop says he originally made his cautionary statements in a Nov. 1, 1998 Hotline, and that he urged his subscribers to sell into Winspear news. Until Jan. 8, Mr. Kaiser was an enthusiastic supporter of Winspear's Snap Lake dyke project. Says Mr. Bishop: "While some are describing the Snap Lake discovery as 'the diamond find of the century,' another way to look at it is as follows: three big stones in a sample of this size is unprecedented in the history of diamond exploration" and that failure to duplicate will prove disappointing. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: .Trev who wrote (11720)	1/12/1999 8:38:00 PM
From: .Trev	Read Replies (1) \| Respond to of 26850

SINCE MY PREVIOUS POST A FURTHER NR FROM STOCKWATCH HAS COME IN WHICH REPEATS THE SAME CRAP Bishop says sell Winspear: results skewed Winspear Resources Ltd WSP Shares issued 33,721,333 Jan 12 close $3.77 Tue 12 Jan 99 In the News Robert Bishop, writing in the Dec. 15, 1998 edition of his Gold Mining Stock Report, casts doubt on the results of Winspear Resources's June 22 mini-bulk sample, saying that the value of the three largest stones may represent at least half of the total value of the sample. This is largely the point that fellow letter writer John Kaiser made much later, on Jan. 8, 1999; Mr. Kaiser went said he had reason to believe the three largest diamonds represented at least 75 per cent of the sample's value. Mr. Bishop says he originally made his cautionary statements in a Nov. 1, 1998 Hotline, and that he urged his subscribers to sell into Winspear news. Until Jan. 8, Mr. Kaiser was an enthusiastic supporter of Winspear's Snap Lake dyke project. Says Mr. Bishop: "While some are describing the Snap Lake discovery as 'the diamond find of the century,' another way to look at it is as follows: three big stones in a sample of this size is unprecedented in the history of diamond exploration" and that failure to duplicate will prove disappointing. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com If you convert this double talk to English what it says in effect is that the 200 ton bulk sample results with 3 large diamonds in it is so good that the claim of it being the diamond find of the Century ( doesn't say which century)will only be true if it can be verified by further sampling. The words used by Bishop are that finding these results in such a small sample and I quote "is unprecedented in the history of Diamond Exploration" I would really like to see the precise words that Kaiser used becaus if he followed Bishop's lead, as has been suggested, the implication is obvious. The results are so good that these gentlemen are terrified to accept them until they are verified by further bulk sampling. It's not immediately clear what other purpose they think the company might have in spending 12 million buckaroos over the next few months. I can't believe that people actually pay money for such sage and profound advice. For goodness sake Messrs Bishop and Kaiser don't tell us that exploration results have to be verified in stages as we go along, we know that. If you have something meaningful to say , say it or else be quiet. If only the market and the media, who are not blameless, had the sense to realise that the "letter writers " are afraid to commit to supporting such good new purely because of the dumb ass legal system that allows a burglar to win a suit against a homeowner because he fell through a skylight. The Bre-X suits are still around , so why sell an advisory service if you are AFRAID to give advice. I don't give a tinker's cuss whether you are pro or con but at least have the guts to be one or the other. Don't try to word it in such a way that AFTER the event you can claim you were right no matter which way it goes. And if you don't really know, say so and get on with your knitting.

To: .Trev who wrote (11720)	1/12/1999 9:14:00 PM
From: teevee	Read Replies (3) \| Respond to of 26850

Hi trev, I see Bishop is back at it too. Just for fun, I am going to try and "peel the onion" by asking some questions?. 1. Is the timing of Bishop's release immediately after Kaiser's just a coincidence? Probably. 2. Both of these guys have reputations as having very big egos. Could they be trying to send a message to junior resource companies? Do things our way and make sure we are included (inside info and participation in cheap paper) or we will ruin your market and erase your from our universe...hmmmm... I don't think so. 3. Many people on this thread who have or do subscribe, summarize the recent track records of Bishop and Kaiser as poor at best. Bishop says sell Winspear, but buy Aber just in case Snap Lake is real, and Kaiser says sell 25% because the stock could go to $10 or $15 per share. I am having a hard time with the logic here. Is there a deliberate effort to knock the share price down? I don't think so. 4. Aber is putting up their 32% share of a $12 million dollar budget (~$3.8 million) for Snap Lake. Is this because they see limited tonnage potential, and a low probability of repeating the results to date? I don't think so. 5. The volume has been consistently high for the past few months. Winspear seems to be consistently bought at higher and higher prices and often on the offer. Is this the trading pattern of an over blown stock promotion? I don't think so. 6. Did Winspear people take down 2.7 million units because they see limited tonnage potential and high risks with respect to repeating results to date? I don't think so. 7. Who would have an interest in keeping the share price low? It isn't me. I can't imagine it could be any other shareholder. It must be someone who isn't as shareholder or maybe someone who, might have an interest in owning the whole company. Could seeds of doubt have been planted in Bishop and Kaiser by another diamond company-DeBeers perhaps? Could Kaiser and Bishop be unwitting patsies? Could they have been duped? I don't know and I don't think so. Hmmmmmm I guess I'm just going to have to wait for the bulk sample results. teevee