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

To: Winzer who wrote (579)	5/9/1998 8:56:00 PM
From: Mayer Tchelebon	Read Replies (1) \| Respond to of 1319

You are welcome to submit your questions. I do not expect any further news on the legal front by the time of the AGM. I also got the impression from my last conversation with GME that the chances of an out-of-court settlement are rather slim. Bear in mind that the higher the gold resources (and they could get even higher in the next calculation), the higher the stakes in the dispute. Each party will vigorously defend their position. Watch the site www.sedar.com, where companies electronically file their financial statements and other press releases with securities regulators. The financial statements for the year 1997 for GME and EXL should be there any day now. While the revenues from the gold sales will probably be credited to deferred exploration expenses, what would be interesting is to compare the statements for EXL against GMEs to observe the ratio of gold revenues of each other, and the ratio of exploration expenses (Glimmer mine) of each other. See if the ratios are 65%EXL to 35%GME or otherwise. Also see if the revenue ratios are different that the exploration expenses ratios (Glimmer Mine only).