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

To: teevee who wrote (18869)	5/1/1999 10:39:00 AM
From: LaFayette555	Read Replies (1) \| Respond to of 26850

I shure hope for your sake your not buying with mortgaged money. WSP as had a habit of disapointing investors over the years.

To: teevee who wrote (18869)	5/1/1999 11:59:00 AM
From: james flannigan	Read Replies (2) \| Respond to of 26850

Teevee,I have no doubt as to the 17mt. Iwas looking for the insurance of the feeder tonnage to off set any disapointment in the grades and values.Iam of the veiw that the values may be priced into the stock based on the mini bulks.By this the margin of saftey has been removed with out locating the feeder and any disapointment in values may impact the stock similar to the Ashton situation.IF the values hold up,ther is nothing to worry about.History has shown that the small investor is always the last to know the values.Iam not negitive on WSP and may buy back in at a lower price if possible.In doing this the lower the price goes the higher the margin of saftey.I would not advise any one to sell their shares if they bought at a buck or so,they have a margin of saftey already.