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


To: Rocket Red who wrote (16205)3/20/1999 3:06:00 PM
From: John Paquet  Read Replies (2) | Respond to of 26850
 
Red;

Please call my name correctly, red. other wise I will pursue my dream team lawyers to grab your neck by defaming and insulting this world wide web web.com man of his own legend, and man of his time.

My name is Mr. John Paquet. Not Packrat.

Red, how come you always dreaming unrealistic dream in this daylight????

It WSP will be HALTED, I will see it halted. It is not I see it is not.]

I called you as always you are a rumor king.. Am I wrong again?????

Have a good day Red.

John Paquet




To: Rocket Red who wrote (16205)3/20/1999 3:49:00 PM
From: Gord Bolton  Read Replies (2) | Respond to of 26850
 
It is interesting to see the Stockwatch Reporter reporting on the news from the internet chat sights and at the same time being critical of someone posting news to the sight.
I would suggest that companies including public companies are responsible to their shareholders first. A company can decide to a certain extent what is news that needs to be reported to the market. If the exchange wants a report they are certainly entitled to ask for one. Reporters can ask questions but they have no rights to cross examine.
If the reporters thought that all the tidbits were news, why were they not out asking questions and doing investigations of their own?
For example; whether there are 3 or 4 drills working on Snap Lake is an interesting tidbit for some shareholders, it would look kind of silly to issue a press release saying that the company brought in another drill. So what? Is that a material change to the affairs of the company? It just means that they will get more drilling done faster.
Any reporter in the country could have asked ABER if they were participating or not and if they had taken all steps to ensure their percentage interest or not. It is not incumbant upon Winspear to report squabbles with a JV partner.
However, if I as an investor in the company asked a specific question or for an update on how my money was being spent, I would expect and an honest and forthright answer from the CEO. And if I choose to share that with fellow shareholders that would be my right in Canada.
It is my own opinion that amny of our reporters are simply downrigth lazy. If even one reporter has said to himself, "I wonder if that BRE-X thing is for real and if they would stand up to investigative scrutiny?" how much investor pain would have been spared.
What is the story anyway?
We have a 25 billion dollar mineral deposit taking shape in Canada. That is six times the size in dollar terms of Voisey Bay. If results turn in as expected and projected Canada and Snap Lake in particular will be the top source of high quality diamonds. There will be no big marketing costs involved. The world diamond trade will beat a path to Winspear's door. This is the big news.
Reporting that a company director discussed something with a shareholder on Sunday that was not known to the market till Monday morning is not news. The fact that the outcome is still unclear could present no advantage to anyone. It might appear good for Winspear but in fact the initial market reaction was negative. Someone once said "nothing is either good or bad but thinking makes it so". I think his name was Bill or Willy or something like that.
Anyways for what it is worth the Globe and Mail printed a retraction about ABER being default for money and rephrased it to simply being in default of written notice of participation.
So there you go, SI scooped the Globe and Mail by a day or two and got the story right. Thanks James and red. Keep up the good work.