SI
SI
discoversearch

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


To: Rocket Red who wrote (735)3/13/1999 10:39:00 PM
From: Mr. Oil  Read Replies (2) | Respond to of 1172
 
If Aber is in default then it would be incumbent upon WSP to advise the shareholders. The current budget which was $12 m I believe would be less as a result by aproximately 32% or $3.84 m or what ever portion of that they are in default. This amount of money lost would diminish the exploration program on WSP land. Where and what is of great importance. A material change like this would need to be communicated.

If what you heard is correct, I would expect to hear from RT this coming week at the latest. If it is true, no doubt the share price will drop further. It did last year when Aber withdrew so no doubt it will have a similar effect even though it will mean WSP will hold a greater portion of Snap Lake. It is the double edged sword. If you heard it from a non reliable source like one of our resident shortsters then it will amount to nothing more than another 'break-wind of fear' perhaps more aptly called a fart of fear (FOF) for short and shorters. Let us know if anything can be confirmed. Thanks again.

Ray