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


To: teevee who wrote (19219)5/9/1999 12:24:00 PM
From: Rocket Red  Read Replies (1) | Respond to of 26850
 
Teevee
Once DiamondX gets spun off all the better then news can flow out of Winspear Freely.
Watch for more land deals involving DiamondX as we all know this is another vehicle for RT just in case some Big Boys come stepping up to the plate.As for a Rights offering it will most likely be done a month or so after DiamondX is spun off or even sooner.
It is well Know that De-Beers wants in and just how they do that still remains to be seen.I have already Heard De-Beers owns Shares in Winspear and thats why the price in Jan went to 4.85 because De-Beers was in the market buying Shares.
Do you Remmeber Mill-City when De-Beers bought a ton of there Shares in the open market?????
Now with Aber and Winspear indispute over % points its pretty hard for De-Beers to buyout Aber's share at this point.
The big boys will becoming sooner rather than later just look how De-Beers got in with SUF though the back door behind the scenes.
There is no way De-Beers will let this go.

PS Chuck
Also heard to the effect that some large stones have been found already.How Big I don't know.The market will tell us if these Rumours are True.

Cheers.



To: teevee who wrote (19219)5/9/1999 7:54:00 PM
From: .Trev  Respond to of 26850
 
C'mon Teevee fair's fair. Seems like only a short time since the long suffering shareholders were howling and screaming and demanding a Rights offering for the financing of Diamondex. I believe the announcement was in response to that public pressure rather than any difficulty in raising the financing.
personally I'd rather see them make the riights separately tradable for 3 months, so that I can load up cheaply when those who change their minds more often than their drawers, dump them.From what I've read the first season at snap did't ring any bells either so what makes everybody so glum about Hilltop after the first crack.

I'll be surprised if there are any rumors for a while yet as I understand the operation is as tight as fish pussy and everybody knows that's sound and water proof.

Vaya con Dios and RT.