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Gold/Mining/Energy : Exall Resources/Glimmer Resources -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (1146)	9/17/2000 8:23:48 PM
From: Winzer	Read Replies (1) \| Respond to of 1319

Can't see how Glimmer (the mine or the company) can make money in this poor POG environment. Some of my statistics from a couple of years ago include: MATN paid $1,400.000 for 1,250,000 shares of GME and maintained first RoR 124,561 held by a director (?Kent). Matchewan (12,445,025 shares outstanding) acquired 43.7% interest in GME in January 1997. The control of the 12,445,025 breaks down as follows: 5,055,725 (40.6%) are held directly or indirectly by Richard McCloskey. Also 342,965 (2.8%) directly. McChip Resources (MCS-T) 3,130,000 (25.2%). And 1,575,656 (12.7%) AnnaMay Flett/Boanne Investments and 7,104 with PH McCloskey and HPM McCloskey. For a total of 10,111,450. (81.2%) of MATN shares are controlled d/indirectly. This leaves about 18.75% controlled by the "investors". Seems to me that this summary could be out of date because I think that MCS-T may have a bigger share in Glimmer directly. Some day I may find the time to update my analysis; but if the POG is allowed to trade freely (once Clinton leaves office) I can see these four (EXL, GME, MATN & MCS) doing some running after the top two tiers of gold companies make their rally. Winzer

To: CLK who wrote (1146)	9/22/2000 3:22:46 PM
From: Winzer	Respond to of 1319

CLK,maybe this is what you're talking about? Matachewan provides Q2 results Matachewan Consolidated Mines Ltd MATN Shares issued 12,445,025 2000-09-18 close $0.05 Friday Sep 22 2000 Company Review Mr. R.D. McCloskey reports Operations For the six months ended June 30, 2000, the company has recorded net earnings of $45,122 compared with a net earnings of $365,317 for the same period in 1999. The lower earnings are the result of a non-recurring profit from the sale of marketable securities in 1999. Comparative figures Certain of the 1999 figures presented for comparative purposes have been reclassified to conform with the current year presentation. Y2K issue The Year 2000 issue arises because many computerized systems use two digits rather than four to identify a year. Date-sensitive systems may recognize the year 2000 as 1900 or some other date, resulting in errors when information using 2000 dates is processed. In addition, similar problems may arise in some systems which use certain dates in 1999 to represent something other than a date. Although the change in date has occurred and to date the company no difficulties, it is not possible to conclude that all aspects of the Year 2000 issue that may effect the company, included those related to customers, suppliers or other third parties, have been fully resolved. STATEMENT OF EARNINGS Six months ended June 30 2000 1999 Income Royalty/option $3,091 $9,599 Investment 12,097 348,622 Oil and gas operations (net) 60,688 - ------- ------- 75,876 358,221 Expenses Admin 10,004 37,592 Overhead recoveries - (44,688) Depletion 20,750 - ------- ------- 30,754 (7,096) ------- ------- Earnings before other expenses $45,122 $365,317 ======= ======= (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com