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

To: James N. Wilson who wrote (582)	5/12/1998 9:31:00 AM
From: Winzer	Respond to of 1319

James, I would tend to agree with your assessment of the "bearish" nature of GME and EXL; but still think that most players are waiting to see what "solution is found to the JV problem". I also see with the recent 129,000 shares of EXL last week that investors are starting to get set up for the release of news, buying at "deep discount prices" in anticipation of the upcoming news. I have no real questions for Mayer at this time, we appreciate the offer and based of his list of points made, appears to have the main issues well in hand. His understanding of the key ratios to look for is above my league. The POG is expected to rise in the second half of the year (?starting in June); could start earlier based on India's explosion of three U/G nuclear bombs yesterday. They've got the Pakistanis, Chinese and the Superpowers a little anxious. I guess it is like you say James, there is not much else to do but to wait this one out for the next couple of months for the announcements on production, reserves, POG increase and JV agreement. Meanwhile, keep on fishing and I'll carry on golfing. Cheers Winzer

To: James N. Wilson who wrote (582)	5/13/1998 8:41:00 PM
From: Winzer	Read Replies (1) \| Respond to of 1319

James, GME hit the bottom of the trading range you predicted. ~15,000 shares in the $0.80 range. The news about more options were announced today, this is shown below: Glimmer Resources Inc GME Shares issued 5,318,962 May 11 close $0.90 Wed 13 May 98 Options Granted On April 24, 1998, the company granted director and employee stock options on 20,000 shares at 92 cents expiring April 25, 2003. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com