Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Spider Resources - SPQ.ASE -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (384)	2/15/1999 8:29:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 471

Spider 2nd most active conference Spider Resources Inc SPQ Shares issued 88,327,915 Feb 12 close $0.07 Mon 15 Feb 99 WEEK ENDED FEB. 12 by Stockwatch business reporter Spider Resources was reviewed in Forum Watch last week, moving into second place this week. On Feb. 11, Spider released results from the first two exploration pits at the Contendas site in Brazil. Four diamonds ranging in size from 0.19 of a carat to 1.00 carat weighing a total of 1.66 carats were recovered from the first pit, while eight diamonds ranging in size from 0.30 of a carat to 1.06 carats weighing a total of 4.92 carats were recovered (to date) from the second pit. The diamond processing plant is currently operating at an average daily throughput of 5.42 tonnes per day. According to the release, the results of the exploration program will be used to guide the anticipated follow-up program which is designed to determine the likelihood of locating in-situ primary sources of diamond in the region. Diamonds were definitely the flavour of the week, with Spider also tallying a large number of posts. On Feb. 9, skeptyk posted some information regarding an upcoming news release: "...sortex is up and running...stones found: 16 pcs. ranging 0.5-2.5 carat, rare colors...draft NR prepared sometime around last wk." KING MIDAS wrote: "Buckle up the seatbelts for a ride in the new Spider... featuring a 4.27 engine....Yahoo!!!!!" The Doctor, who has been quite bullish on Spider, wrote: "Quite an impressive trade of roughly 600,000 today at 5... Very exiting! (sic)" Hopefully dropping the 'c' was a typographical slip by the good Doctor and not a Freudian one. In a subsequent post, he commented: "Have a look at what's happening at WSP. This is an example of how NOT to develop a share price..." The news release on Feb. 11 prompted a flurry of posts. BUC BULLET had two questions: "Any predictions on where share price goes from here? Any timeframe predictions?" The Doctor responded: "How about $1.15 within 2 weeks? I am a lousy guesser.....need at least a few days to curve, but this is in fun." Commenting on some of the barbs directed at Winspear, william wrote: "I don't understand the antipathy to WSP...I've had a long time interest in SPQ and WSP...The success of one does not detract from the other." In a subsequent post, The Doctor wrote: "It is much easier to see a 11X return on SPQ, as it needs to reach $5 to do this. On WSP at this time, we would need to see over $400 to do the same." WillP briefly joined the Spider discussion, indicating he would return when he had more information. If he does, the Spider conference will probably gain in interest. Spider finished the week at seven cents. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com MM