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


To: The Fix who wrote (12129)1/16/1999 10:09:00 AM
From: whiskeyjack  Read Replies (1) | Respond to of 26850
 
Fix/Teevee: June 15 NR states pit 2 94t and 138.21c, pit1
105.7t and 90.69c. By the way, this dog and pony show with
newsletter writers/media prior to NR is just suckering WSP.
WSP needs to ignore the hype and pressure and concentrate
on timely and accurate presentation of facts. Getting sloppy
and involved in what is underhanded battles to gain control
of a very promising play isn't going to win a higher share
price in the short term. Bulk sample results or long K
intersections supporting CF numbers that I wish had been
reported in Nov will do it. Taking the high road might also
improve the VSE rep too, as 20% of that activity is WSP.
Have a great weekend
wj



To: The Fix who wrote (12129)1/16/1999 10:16:00 AM
From: Jim P  Read Replies (1) | Respond to of 26850
 
Hi Fix,

You have to decided which of the larger stones came from which pit an subtract them from the total carats for each pit. Its not far off.

Total stones is 1387 which equal 226.72 ct. 3 stones were 25.28 ct and 25 were 67.72 ct. 226.72 less 25.28 less 67.72 equals 133.72 ct weight of the balance of the stones. 133.72 divided by 2 (representing two 100 tonne sample) equals 66.86 carats/tonne. Does this sound right to everyone, I am open to correction.

My calculation actually gives worse per tonne figures. Strangely enough 226.72 ct. (amount reported) less 75% (Kaisers suggestion) is 56.68 ct. Pretty close.

The market has already reacted in part to last nights release. I have been in this game long enough to know that although most of us did not know the release was coming many did and knew exactly what it meant. So if the price went down yesterday will it go down on Monday? We have until then to figure this out.

Any articles out in any of the papers?

Jim



To: The Fix who wrote (12129)1/16/1999 3:39:00 PM
From: Intrepid1  Read Replies (2) | Respond to of 26850
 
ICE.com to market Snap Lake Diamonds over the Internet

Winspear Resources Ltd (WSP.VSE)
Shares issued 333,721,333 Jan 15 close $3.18
Sat 16 Jan 99

Mr. Randy Turner Reports:

Winspear is pleased to announce the future unveiling of a new E-Commerce web site which will market Snap Lake diamonds over the Internet. The site called ICE.com will be online sometime in the next millennium.Winspear has chosen to directly market its diamonds over the Internet in order to bypass the monopolistic Central Selling Organization operated by DeBeers.

Management is also convinced partial fundamentals alone cannot dramatically enhance shareholder value. It believes the news of its future web site will attract those carefree masses of Internet investors who have courageously driven up the share prices of Internet
wonder stocks such as Yahoo, Amazon and K-Tel.

During a secret test marketing of the “beta” site, 100% of the female subjects actually preferred buying diamonds from the privacy of their home computers. The ladies just loved browsing through the high resolution online catalogue, finding the perfect diamond, then simply “pointing”, “picking” and “clicking”.

The ICE.com concept (along with most other Winspear concepts) was developed by AOL Diamond/Internet Guru - George U. Grump. According to Mr. Grump, “ ICE.com heralds the beginning of a new era for Winspear. Anybody who disagrees with me and wants to start some sh*t lets get with it.”

Based on the successful test marketing and Grump's growling endorsement, Winspear will accordingly re-direct the funds originally slated for this year's 6000 ton bulk sample and utilize them in the development of its new web site.

On behalf of the Board

Randy Turner

The Vancouver Stock Exchange had never heard of this Press Release and has neither approved nor disapproved of the way Winspear runs its market.