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Gold/Mining/Energy : WillP Speaks on Winspear -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (119)3/15/1999 4:34:00 PM
From: maintenance  Read Replies (1) | Respond to of 177
 
In response to DiamondWillie

Any valuations done on Winspear that I have seen or that I have done for that matter, give a valuation of zero to the non snap projects. I would expect that the price of the new Winspear would not change with respect to the price of the old Winspear. That isn't to say that the price won't change, only that it won't be because of the split. I would expect "Newco" to hit the market pretty cheap. I would then expect that the market cap sum of Newco and new Winspear to exceed the market cap of the old Winspear, ceteris paribus. At at this rate ceteris paribus is quite a leap!

Cheers



To: teevee who wrote (119)3/15/1999 7:19:00 PM
From: Rocket Red  Respond to of 177
 
Teevee
The way I see it is Aber last must have sent Winspear a letter saying
they would not particapate in 1998 exploration.As of today Winspear has not recieved that letter that they would be in for 1999 and nor has the cash been put up by Aber neither.

What ever the outcome Winspear still holds 67% and could end up with
80% so to me its a win win for Winspear.


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