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

To: Winzer who wrote (798)1/12/1999 12:23:00 PM
From: E. Charters  Read Replies (3) | Respond to of 1319
 
Glimmer looks like 12 bucks fair value at 56% of 2 million.

Not that I think they will get it. The takeover money is not there. I think somebody is thinking in terms of 2 bucks a share and paper. Too bad. That is the Newfie buyout.

G. Kent is an SFX grad.

OT--
Looks like there may be something happening in Reid Twp. in Timmins. Prospecting excitement.

EC<:-}



To: Winzer who wrote (798)1/15/1999 12:40:00 AM
From: James N. Wilson  Read Replies (1) | Respond to of 1319
 
<What does your calculations say about the break-up value at 50/50>

On a FD basis the market caps of E + G is about US$10.0 million.

If the deposit (as rumored) is closer to 2 than 1 then clearly there would seem to be quite a bit of upside potential.

Taking a conservative route of say $35 per ounce the numbers would be interesting.

james


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