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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (199)	1/4/1998 10:03:00 AM
From: Norm Gardner	Read Replies (2) \| Respond to of 653

Vargas Do you know when the fiscal year end for Clifton is? I called them during the holidays and left a message for them to send me their latest data. I guess I hit it right on getting in at $0.65. All the best for 98 Norm.

To: virginijus poshkus who wrote (199)	1/4/1998 2:20:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 653

<< i would guess they own somewhere around 60% FD >> That would mean 12M shares on a total of 20M shares outstanding, possibly a bit high. According to the numbers in the Jan 17th 97 prospectus, the Moellers (individual and trusts) seem to control 3.2M shares. American consolidated Mining (ACMC), a corporation controled Bill Moeller, also onws 1.3M shares of CFV for a total of 4.5M shares. All this was before the issue of 2.8 shares and the distribution of 4.0M warrants. I don't know if they participate in this issue. But I doubt it. My guess is that, with all options outstanding ,they own approx. 25-30% of Clifton, in other words, a major controlling position by all standards. CC