Exall Resources/Glimmer Resources Message Board

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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: E. Charters who wrote (789)	1/11/1999 11:43:00 PM
From: James N. Wilson	Read Replies (2) of 1319

<<The inclusion of these costs in the expense calculation brings Exall's cash contribution to the joint venture well over the level needed to ensure its majority interest and continued operation of the mine.>> Above from EXL 1/28/1998 PR - CEO Stephen Roman. The PR was immediately countered by GME CEO R. McCloskey as to the validity of Exall's interpretation of court ruling. I have not heard of any further trips to the court or rulings by the referee. If these rumors are indeed true about a significant increase in GME's portion of the Glimmer Gold Mine I would guess the companies are at the bargaining table. Is this your understanding? james

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