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Gold/Mining/Energy : Bomax Resources - BXS.VSE

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To: Walter N. Schreiner who wrote (32)	11/25/1996 10:28:00 AM
From: Johan van Slooten	of 313

Hi Walter, I just read the recent postings and I must say, that I don't know right now what earnings expectations are right. I didn't expect the dilution and nobody warned me for it. Jim Bond told me, he'd calculated a EPS of C$0.78. This was last week, so he must have known the dilution-factor at that moment. However, my calculation was based on the same 'facts', that Solid Play was using and with this facts and the new amount of shares I also can't come further then C$0.25 EPS (when at a productionrate of 1000 m3 granite). This is still a good expectation and the stock should rise on this to about C$1.50 - 2.50, however it's a lot less then 0.78. Of course, I'm going to call Jim Bond today to ask him what the consequences are of this dilution. The Dutchman

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