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


To: Winzer who wrote (558)4/15/1998 3:38:00 PM
From: Mayer Tchelebon  Read Replies (1) | Respond to of 1319
 
"I'm playing both sides of the fence on this one with the larger bet on GME"

If someone wants to play both sides of the fence, what, in your opinion, would be the proper ratio of EXL to GME shares given current EXL/GME share prices?



To: Winzer who wrote (558)4/16/1998 7:15:00 PM
From: James N. Wilson  Respond to of 1319
 
Winzer - thanks for explaining about the development drifts and stopes. Let's hope we'll soon be in the position to put the development drifts in the waste. <g>

Perhaps BrokerG could shed some light about the correct ratios for EXL and GME. We would need to allow more credit to the operator, perhaps 5 percent. At current price levels both are attractive. With GME's tight float it can certainly move fast when there is strong demand.

Perhaps we'll hear some more info over the days ahead.

james



To: Winzer who wrote (558)4/22/1998 9:13:00 PM
From: BrokerG  Read Replies (1) | Respond to of 1319
 
To Winzer:

The annual meeting for Exall should be determined over the next week. My guess is the end of June/98. Have you heard of Exall firing their Chief Geologist? If this is not a rumor, what impact do you believe it would have on the stock price. Furthermore, why would a company that is expanding its reserves, fire its chief geologist, and leave the entire operation to a junior geologist. Just another question to bring to the annual meeting.

BrokerG