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

To: Lilian Debray who wrote (17106)	3/29/1999 8:40:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 26850

Good morning Lilian. Sure took you a long time to say "I am not short but sure wish the price would come down a whole lot so I could buy some cheap." Same thing as being short Lilian, and I would suggest that all of your negative comments are nothing more than an attempt to create unease and misinform some old folks who might be fooled by your great intellect into selling their shares. I doubt that such attempts as yours will have any impact on the overall share price of Winspear. If the share price drops at all many people will be there to scoop up the cheapies.

To: Lilian Debray who wrote (17106)	3/29/1999 11:52:00 AM
From: Walt	Respond to of 26850

Lilian, Nothing wrong with asking questions or doing ones own analysis. This is a little off topic but refers to your point one, claim title. As a prospector and when I was doing more consulting, I have had to go through checking property ownership and claim boundaries on numerous occasions. This is a little off topic but will give you an idea of what goes on. The Mining recorder keeps the official record of all public dealings with a claim.A staker stakes a claim then comes in and records it with a form containing the info put on posts and a map of claims location. The claim may be recorded in his/her name or if it was staked for company x it may be in that companies name. If it was a contract job often it is left in the stakers name untill the job paid for then transfered. When work gets filed or the claim gets transfered to another company this is all kept track off. uSUALLY WHEN A COMPANY OR INDIVIDUAL TRANSFER CLAIMS THEY SIGN A WARRENT THAT THE CLAIMS ARE FREE AND CLEAR OF ALL ENCUMBERENCES, LIENS OR LIABILITIES. So far so good. But lets say I option an old property that has been around for years. I can read the official mining recorders history and I can check that on all old transfers that warrent has been signed. I have checked the ownership and it all seems good. Then lets just say an ore body gets found and then someone comes out of the woodwork, Maybe 20 years ago company B who owned the property at the time promised a prospector or someone a finders fee if the property ever had a mine. They might have had a minor JV partner who never got paid etc et al. Company B could certainly be sued but they may have no money or indeed no longer exist so the current owner/operators get sued. Maybe the original staker was promised a bonus by someone way back when. My point is I have signed or written statements in reports much like the one in WSP release you refer to. You check the mining recorder documents, you go through all the old deals options etc on the property and everything looks fine but there is no 100% quarentee that at sometime someone may not make a claim.(real or imagined) If the property is 100% in Company Cs name and if the people they got it from had 100% and signed that warrent, you are fairly safe that any claims will be on them not you. This is a somewhat related issue. Years ago there use to be a form you had to sign when you filed work on a claim that you had checked the posts and boundaries of your claims and everything was in good order. It was a bit of a pain checking all your posts and boundaries but at least you knew everything was as it should be. That requirement was waved and from when a claim is staked to when it is surveyed can be up to ten years. I have never yet seen a survey that looks identical to the original staking map (which has to be paper perfect) and some companies have had some real surprises when the survey is being done. After ten years finding the posts of claims staked on the barrens originally in winter can be a real chore and there are stories of companies who have spent months trying to find their posts. There are even stories of companies who have put drill holes on other peoples claims because they didn't check their boundaries before they spotted the hole:) You have to believe that causes some interesting situations particullarly if they hit something. So maybe that statement in WSP annual report raises a red flag for you but if you read a company history that doesnt have that statement you should also get concerned because maybe they havent checked yet. regards Walt

To: Lilian Debray who wrote (17106)	3/29/1999 12:35:00 PM
From: gg cox	Respond to of 26850

Hi Lilian, unlike one of the companys that you are currently following , Winspear answers its email.I asked a couple of questions over the weekend and received this reply this morning. ""Hi: New financial information will be posted on the web-site asap. Our Annual Report has just been audited and I gather is available on SEDAR already. I thank you for your continued support. Sophie"" gg