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

To: Winzer who wrote (580)	5/11/1998 11:14:00 PM
From: James N. Wilson	Read Replies (2) \| Respond to of 1319

Winzer - it would appear the short term trend of both EXL and GME is bearish. EXL is consolidating at $0.30 - 0.35 and GME at the $0.80 - $0.90 levels. I would not expect for this to improve until a solution is found to the JV problem. For the investors that are patient with the longer term fundamentals this presents an excellent time to acquire shares at bargain prices . I guess the bottom line is that you will probably have another months or two of stress free golf before prices go through the roof! There might be a surprise along the way, the next reserve tally is expected in June from what I understand at this point. Also, if gold makes a significant move this will help the cause. take care, james