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Gold/Mining/Energy : Winspear Diaminds (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: freddy who wrote (51)1/30/1999 9:05:00 PM
From: Rocket Red  Respond to of 1172
 
Freddy
We will be rewarded even if it takes the bulk sample to prove it.
But the Market will get wind of it first.



To: freddy who wrote (51)1/30/1999 10:19:00 PM
From: teevee  Read Replies (2) | Respond to of 1172
 
freddy,
An analysis of the results in the last NR clearly indicates, IMO that the grade of the 6000 tonne bulk sample will come in above the two 100 tonne samles to date (1.14 carats per tonnne). I expect the average value per carat to increase as the quality should stand up with more larger stones recovered(some in the 30-100 carat size range). This is precisely what happened to SUF's valuations in South Africa at their pipe when they increased the size of bulk samples-grades and average value per carat went up dramatically with the recovery of more large stones. Also, the micro diamond results posted in the last NR suggest grade continuity to me.
The way the market has acted to the results to date seems to indicate that it will take someone like RTP or DeBeers to start buying the stock to get the share values up to a fair price. What are your ideas on this? Were you at the Roundup? I suspect the previously unpublished diamond size distribution curves presented in the talk by Malcom Thurston, entitled "Geostatistical Analysis of Diamondiferous Ore Bodies" might have been from work he is doing for Winspear? If they are, I doubt this would have been missed by RTP or DeBeers personel in the audience, in which case I would like to think that we shareholders could reasonably expect an offer by De Beers or RTP and prior to the bulk sample results.
regards,
teevee



To: freddy who wrote (51)1/31/1999 2:16:00 PM
From: .Trev  Read Replies (1) | Respond to of 1172
 
The idea for this post has been simmering ever since I started my DD on Winspear more than 3 months ago. I know most of you have been in for much longer than that and I appreciate the help that lots of you have given me. It came to a head on Friday when a friend said to me “Body language speaks louder than words!!”, and then this afternoon while driving, and listening to the radio I heard a song that took me back to teen days. It was worded by Johnny Mercer and entitled “You got to accentuate the positive and Eliminate the negative, Latch on to the affirmative and don't mess with Mr. In-between”

Too many of us are doing that last item. Playing for pennies when they should be holding for dollars. Some of you may reject what I am about to say as not being factual, and I admit that it is not provable YET. If you don't like it a dexterous twist of your muscular wrist puts the “NEXT” button into operation. However I am at the point where I am prepared to accept as fact that:-

1. Winspear will have quite soon a viable body of diamond bearing Kimberlite. Don't ask me for size and grade. I Don't know and I won't guess.

2. Continuity of grade has been VERY strongly indicated and Gem quality large, profitable, stones are expected by everybody who is in a position to know. The BL (body language) is unmistakable.

3. I attended both the Cambridge and the Roundup and spoke with everyone I thought was a material witness, and some more I just listened
to.

4. The purpose of any organization is to perpetuate itself and that applies even to you as individuals in the birth rate and the striving for relative wealth.

5. In spite of the current craze for Day Trading the long surviving organizations have found that the most reliable and successful method is long term planning, and the steady accumulation of wealth and power by any means that they can get away with..

5. Cecil Rhodes planned more than a hundred years ago to create the organization that is now De Beers, and three generations of Oppenheimers have nurtured it and expanded it using every stratagem known to man and a few more besides.

7. Not only do they believe “that a Diamond is for Ever” They try to insist that it be a DeBeers Diamond. Their proud, and true claim is that their control of the majority of diamonds marketed in the world has been instrumental in preserving distribution and price stability for most of that 100 years.

8. How do they do this you may well ask?? The answer is that they are involved and knowledgeable about every step of the vertical process from wielding a shovel to buying, rough selling, cutting and polishing, mass marketing, and jewelry manufacture and marketing. They know who is making how much and why at every step of the way.

9. By having very deep pockets they are able to buy when prices are low or weak, and most importantly stockpile for sale when market conditions improve. I suspect that they spend a fair amount on advertising to keep acquisition costs down just as they do to promote sales of the gems.

10. Just for example pick up a copy of the magazine “Industrial Diamonds” at the Library and look at their advertising promoting those products that most people tend to write off as waste in their considerations.

11. You may have been surprised at the sudden onslaught of doomsday merchants on the thread in recent months. I believe that this could well be a planned campaign to keep Winspear stock price down to facilitate the take-over. I have absolutely NO DOUBT WHATSOEVER that such a take over is planned, and planned to be as economical as can be possible. Those who keep jumping in and out to make pennies on a trade are playing into their hands because when they buy , they won't sell they just accumulate.

12. The only defense is to support present management by holding, and if possible buying more. I can't tell you what to do nor do I wish to. Several times in past weeks I have stepped up to bat and will be doing so in the coming week. I still have EVERY share of WSP that I have ever bought..

13. This is a pivotal year for the Canadian Diamond Industry. Ekati , like all other BHP assets is in play until BHP stabilizes. Diavik is going slowly ahead but may drag it's heels until Rio Tinto decides whether it really needs two plants so close to each other. Winspear could easily be #2 into operation if it is decided to go small for quick pay back as has been suggested. RTP is not noted for being a small player in anything it does, nor does it seem to be afraid to go heads on with DeBeers.

The Chinese have a curse which reads something like” may you live in interesting times” and IMhO we sure do!!! Just my opinion.