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

To: teevee who wrote (11959)	1/15/1999 12:55:00 AM
From: Digger	Respond to of 26850

What an article, well done. RT is controlling info, Kaiser is inconsistent, EC is full of you know what. The stage is set for a blockbuster announcement. Hollywood could not have set the stage better. Now if Winspear can seize the moment tomorrow they will never look back. It is time to show their cards.

To: teevee who wrote (11959)	1/15/1999 1:00:00 AM
From: Sudhir Khanna	Read Replies (1) \| Respond to of 26850

I agree and share your thoughts. From the January 6/99 issue: "AN OAK IS NOT FELLED AT ONE STROKE Winspear and its diamond find at Snap Lake is unique in many ways. In a comatose resource market, Winspear has outperformed and continues to outperform its pears. Over the last few months, it has consistently been one of the top volume traders on the Vancouver exchange and has been attracting approximately 20% of the dollar value of the exchange. At a time when exploration companies are facing difficulties raising funds, Winspear's financing was over-subscribed in a matter of hours. While companies are cutting operations to survival status, Winspear is hiring and preparing to mount an extensive winter exploration program. The stock price has been able to retain its gains in a speculative environment I labelled as "musical chairs" in February 1998 as pockets of liquidity cause gains to evaporate. A truly great thinker never puts away the simplicity of a child. From the surface, it is easy to recognize Winspear as a leader that will continue to demand attention from a growing audience. The diamond find itself is also unique in its large indicator mineral population, its form and shape, its bulk chemistry and in the superior value of its diamonds. With a strong insider position and majority ownership of a world class discovery, Winspear is in a position to control its destiny. Management has clearly taken a long term view (as evidenced with participation in the recent financing) and, as an early participant who has already recovered more than their original capital, you should follow the same profitable strategy. Winspear has performed strongly and gained 40% since my last full update on December 2, 1998 at $2.81. However, I have received numerous e-mails asking about the negative implication of the trading pattern over the last two days. Drawing conclusions from technicals alone, the pattern is negative but not yet conclusive as a reversal. The near term downside, in the absence of news, is probably in the $3.20 to $3.50 range. I consider this pull back as a consolidation and a necessary process in forming a higher base. It can also be viewed as a sign that the momentum players expect news and they never stick around for news. I presented the discussion in the first two paragraphs because it is necessary to step back and look at the larger picture. Winspear is clearly a market leader that is entering a period of information flow. Fundamentals have developed to a point where over-analysis is no longer necessary. Although it rain, throw not away your watering-pot. ...." The price started its consolidation prior to Kaiser's article and the fall was expected as outlined above. It is important that shareholders decide the level of risk they want to take and speculate accordingly. Sincerely, Sudhir Khanna, P.Eng. Editor, The RESOURCE INDICATOR