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

To: Andrew who wrote (12258)	1/17/1999 6:49:00 AM
From: Gord Bolton	Read Replies (4) \| Respond to of 26850

I am having trouble with your idea of free speach Andrew. You seem to think that you have a perfect right to get on the thread and make numerous negative posts about my stock and my company (when you claim to have no interest) and then you get incensed when I question your motives. You claim to be a shareholder in SouthernEra and I would expect that even if you are no scholar you might have some knowledge of events that took place within the last year. Who in your opinion planted snakes in peoples brief cases, horned in on someone elses mining claims, raised questions about traditional mining rights belonging to people who died years ago, drove the SUF stock price down from 20.00 to 4.40 and at the same time seized control of 60% of Marsfontein Farm and the M1 pipe (richest kimberlite ore in the world-comparable to WSP) I believe that one of SouthernEra's staff in Angola was shot dead about this time too. So now we have WSP moving quickly ahead with what appears to be a very rich diamond find in Canada. It would be a little harder to attribute a poisonous snake in a briefcase in the NWT to chance, dont't you think, Andrew? But of course, there are other devices that can be employed to cause probems for a company and ruin the value for shareholders. I think that you will agree, Andrew, that with regard to exploration, results, economics and all other fundamentals Winspear is on track and heading for production. The only problem that I can see at this point is raising the money to get the project into commercial production. The 6000 tonne sample taken from two or three locations should be good enough to take to the bank. Unless, of course, someone were to raise doubts and questions about the results either being too good, not consistent enough, or whatever that might cast "shadows of doubt" in the minds of potential investors or creditors. If the WSP share value was high enough, more money could be raised with out significant dilution of shareholder value. And of course if enough doubts were raised (justified or unjustified) then Winspear might be left with no alternative other than to enter into some arrangement with certain parties from S.Africa. And there may be billions of dollars of diamonds, market share, and profits at stake here. So I ask you to consider in your own mind, would any credible mining newsletter writer say "Winspear seems to be getting fantastic results. It appears that the stock price will soon be in the twenties and it will be volitile until the bulk samples are complete so everybody sell 1/4 of your position right now before it hits five dollars." And Andrew, with your 9 years of investing experience, you would be aware that there is a delicate balance in all markets between buyers and sellers. I would suggest that with regard to a speculative stock the balance is very, very delicate at any price. I think that Mr. Kaiser made a very poor recommendation (this is the best possible take on it) that was damaging to the company and did damage to each and every shareholder. People pay for Kaiser's newsletter and thousands read it because even if he is wrong he will have an impact on the market. Many people simply prefer following "professional" advice as opposed to doing their own research. It doesn't take much brains to figure out what would happen during a week when 8 million shares of a total 33 million of a speculative stock are sold at market. Would it be a coincidence then that the thread should also be blessed with JP trying to accelerate the drop for his own profit, average joe just dropping in to save us all from loosing our money in WSP, and a host of doubting Thomases chanting gaurantee me my money right now. And then there are some who just make subtle comments or use innuendo to create doubts and then say "Oh, what me? How could my repetative subtle slanderous comments ever effect a very fragile market?" "And I have free speach and all that, and it's just my opinion and I don't know whether its true or not but it could be true." "And I paid my $140.00 dollars so I can say say what ever I want whether it damages other people or not." WSP shares are worth a $5.00 minimum value with huge upside potential. If anyone is telling you or encouraging you to sell for less I would question their motives.

To: Andrew who wrote (12258)	1/17/1999 9:53:00 AM
From: average joe	Read Replies (4) \| Respond to of 26850

You got in at $1.35 and got out near $3.50! congratulations! I don't think we will hear similar stories from the gloopis on this thread!! Also, I know teevee unloaded a bunch the other day. Give Gord credit he does a pretty good job, a proper apologist for this play should wear a hair shirt and carry a flogging brush, ha ha ha. aj

To: Andrew who wrote (12258)	1/17/1999 1:46:00 PM
From: ddl	Read Replies (1) \| Respond to of 26850

Well, that last release is starting to fill some gaps. Andy, you and others make valid "technical" points and many other make valid "experienced" points, while a few others are wasting our time. You can all argue back and forth the merits and that's healthy, but IMO WSP needs to clean up their PR if you are to base decisions on them. The last one leaves lots to be desired. It has blatant mistakes that would merit a fail mark in school. But, it is also a "damage control" release and the summary says so... 1) it leads to the assumption that the larger stones were not a fluke and addresses kaiser's concerns, tho consistency is a question right now. But then again, the worse of the 2 bulk sample is still good. 2) It reafirms a previous release about the economics of this play but here again, it's very early to start guessing at these numbers. 3) It tells us that they have in hand the information we need to guess the potential of this play, something we have be waiting for, for a long time and waiting is always suspect. It does not, IMO, add value to the play. The bulk sampling will and a sound "fingerprinting" of the drilling will. This PR simply reafirms what was previously said and what is assumed. It's not professional because of the mistakes and the "rounding" of the numbers and I feel was drawn up too fast, hence the damage control. The story book looks good, but a lot more substantiated facts are needed. I would not doubt this stock gap up Monday and lead to a small "bubble" situation which could just keep on rising or deflate, all depending on what will be released next. - just my 2bits and go WSP go. - regards - denis FYI. I for one sold some last week and have kept what I can afford to loose. This is shaping up to be a potentially big find which a penny stock player can not be out of, but I sure wish WSP would clean up their PR act, and because if it, I will add/deduct to my position cautiously over time.