Flag Resources (FGR.A A) Message Board

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Gold/Mining/Energy : Flag Resources (FGR.A A)

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To: Stephen Mooney who wrote (2811)	3/14/2000 7:34:00 PM
From: ali	Read Replies (2) of 4269

Hi Stephen, I am not sure how many acres GLB and Flag share. My understanding, rightly or wrongly, is that GLB has a 50/50 deal on the present drilling in Rathbun township and a 100 % in Kelly township (in which flag has the right to farm in 50%).In addition GLB owns 10% or so of the outstanding shares of Flag.GLB also has an interest in some mining property in Quebec.Murdo is the president of both Companies.Flag is the dominant of the two and of course owns the gold plays at Wolf and Jess lake and the park property and all other plays in Mackelcan township. If gold ever gets its place in the investors mind again, Flag is the place to be.In the meantime however, the excitement is on the Rathbun Lake property and it is a question of opinion what the price difference of the companies should be.I am in both as in my opinion GLB was the stepchild of the two, when it sold for 5c a share.( nice profit so far there:-)Even at the present price of 20c-24c it is a excellent opportunity to take part in the Rathbun play if you think that gold won't do anything in the near future.

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