Exall Resources/Glimmer Resources Message Board

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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: James N. Wilson who wrote (834)	2/12/1999 11:35:00 AM
From: Winzer	Read Replies (1) of 1319

James, Here is some interesting background on Exall: Participants involved with Exall Resources Ltd AMERICAN BARRICK RESOURCES CORP was disclosed as a joint venturer with Co 9403 Axmith Murray is a director of Co became a former director of Co 9210 bought a private placement in Co 9212 Badida Edward J became a director of Co 8906 was disclosed as a shareholder of Co 9612 was disclosed as holding an option on shares of Co 9612 Benner Colin K became a director of Co 9612 became a former director of Co 9804 BRITANNIA GOLD CORP was disclosed as optioning an asset from Co 9506 was disclosed as a joint venturer with Co 9506 was disclosed as a former joint venturer with Co 9703 was disclosed as a litigant with Co 9706 Campbell Donald C became a director of Co 9109 became a former director of Co 9210 CANADA TRUST bought a private placement in Co 9303 was disclosed as a shareholder of Co 9303 Cooke Glenda bought a private placement in Co 9302 Cooke Laurie bought a private placement in Co 9302 Cooke William F became a director of Co 9210 was disclosed as a shareholder of Co 9305 COOKE WILLIAM F ENT bought a private placement in Co 9302 Cooke-McWilliams Karen bought a private placement in Co 9302 DENISON MINES LTD was disclosed as a shareholder of Co 9210 Emerson Montrose L became a director of Co 9109 became a former director of Co 9210 GENERAL ACCIDENT ASSURANCE bought a private placement in Co 9303 was disclosed as a shareholder of Co 9303 GLIMMER RESOURCES INC was disclosed as a joint venturer with Co 9603 was disclosed as a litigant with Co 9703 GOODHOPE MGMT bought a private placement in Co 9303 Grant John S is a director of Co became a former director of Co 9210 Gross Michael P was disclosed as holding an option on shares of Co 9612 Hack Phillip S bought a private placement in Co 9303 Heenan George B is a director of Co became a former director of Co 9210 HEMLO GOLD MINES INC was disclosed as a vendor to Co 9603 was disclosed as holding a royalty on asset of Co 9603 Holmes Peter W became a director of Co 9306 Holmes Stanley W bought a private placement in Co 9303 INVAR BUILDING was disclosed as a shareholder of Co 9305 Kent George R was disclosed as a litigant with Co 9703 MACMILLAN GOLD CORP was disclosed as a joint venturer with Co 9501 MATACHEWAN CONSOLIDATED MINES LTD was disclosed as a litigant with Co 9703 MAZARUNI MIN was disclosed as a joint venturer with Co 9601 McWilliams Alexander bought a private placement in Co 9302 MEXICAN MIN was disclosed as a shareholder of Co 9305 Miklas Dusan became a director of Co 9210 was disclosed as a shareholder of Co 9305 MONTREAL TRUST bought a private placement in Co 9303 was disclosed as a shareholder of Co 9303 MU-CANA SMALL CAP FUND bought a private placement in Co 9303 was disclosed as a shareholder of Co 9303 NATIONAL TRUST COMPANY bought a private placement in Co 9303 was disclosed as a shareholder of Co 9303 NAZCA LTD bought a private placement in Co 9303 Nixon Richard J became a director of Co 9109 became a former director of Co 9210 Packman Walter R is a former director of Co Price Daniel P bought a private placement in Co 9303 QTN is or has been a joint venturer with Co Roman Anthony became a director of Co 9006 became a former director of Co 9305 ROMAN CORP LTD is or has been a shareholder of Co bought a convertible instrument in the Co 9606 Roman Stephen George became a director of Co 7806 was disclosed as a shareholder of Co 9210 was disclosed as holding an option on shares of Co 9612 Wakim A Samuel bought a private placement in Co 9212 Willoughby Bertram E is a director of Co became a former director of Co 9109 <<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>>>>> The bottom line seems to be that in 1993 a whole bunch of people and or companies got on board Exall and could be looking to see some results? I recently got some clarification from GME and EXL on some of our discussion points re the recent EXL PR. These include: 1. The "management committee" are comprised on senior executives of both companies. (3 EXL and 2 GME). It think that the polished tone of the EXL NR suggests that cooler heads must be prevailing and that economic and technical decisions are being differentiated or compartmentalized (to borrow a Clinton term) despite the litigation. i.e. the production and development (cash flow) is not being unduly hampered because of the posturing. 2. Most drilling (80%) will be done from underground. It is cheaper that surface drilling and more information can be obtained. The objective of the surface drilling is to extend the orebody along "strike". The time frame to upgrade the 2.1 million ounces to mineable reserves may take 2 to 3 years. It is difficult and expensive to upgrade underground reserves "all at once". Typically you have 3 to 5 years of reserves ahead of you at any one time with the remainder in the possible or drill inferred category. 3. The power requirements to run mine, mill and hoist will be established. 4. Both companies were at odds as to the status of progress on the litigation front; but it appears that progress is being made. However, the February target being suggested by a couple of contributors to this thread appear to be out of reach at this time. Unless!!?? Comments? Winzer

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