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

To: E. Charters who wrote (799)	1/12/1999 9:54:00 AM
From: Winzer	Respond to of 1319

Eric, Without a shareholders rights plan in either camp, all I can assume that they are open to offers. To the untrained eye, the Exall and Glimmer control structure appears to be that of a land (or business) developer than a company with a long term view in mind. Which may not be a bad thing! Whence part(ies) guesstimated and unknown come along because of the incredible story developing here (with overdive in the past couple of weeks with your contribution Eric). I can agree with you on character. I know RM (like myself)is a P. Eng, not sure about George Kent; Jung Choi is (or is eligible for) one, but there is enough professionals there (with oaths to respect), and while P. Eng's in and of themselves give no guarantees, they do/should provide the shareholder with some level of comfort that their interests would well served. Their shares have the same value as your shares. The more they get from the offeror, the more the shareholders get. And, yes, my all time favourite saying in mining is from John Ing of Maison Placements, and I'll never forget it. He was quoted in the G&M as saying (in another play whose name escapes me) that, "it's not a mine with out a lawsuit". I guess we can rhyme off all the reasons why the proper contact/JV agreement was not formulated before proceeding; but it does not solve anything! Cheers Winzer