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

To: Mayer Tchelebon who wrote (529)	3/17/1998 12:38:00 AM
From: James N. Wilson	Read Replies (1) \| Respond to of 1319

Mayer - I did hear that GME is/was working on a settlement for presentation to the EXL board. Perhaps a dim ray of hope remains. If by some chance GME is awarded the majority interest EXL will appeal and things will drag on for another year or so I would imagine. However, EXL stated in a PR that according to their calculations they have more than enough to put them over the 51% level. If this is the case then it wouldn't seem logical to make any concessions to GME. On the other hand.. EXL has been wrong on several of the points brought before the court. They could be wrong again. Time will soon tell the tale I guess. james