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Gold/Mining/Energy : X-CAL RESOURCES (TSE:XCL)
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To: MasterRichie who wrote (20)3/12/1998 6:03:00 PM
From: John Sladek  Read Replies (1) of 225
 
Richie, I think that X-Cal will have no problem making the payment on time. According to today's press release from the company, their private placement was over subscribed. I will post the press release for you.

In terms of the stock price, it is quite hard to tell. I would *expect* the price to continue to firm up a bit. Possibly it could make a move back up to the $0.80 to $1.00 range in the near term. I doubt it will go down.

Regards,
John Sladek
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