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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Davies who wrote (1012)	3/28/1999 12:48:00 AM
From: ali	Read Replies (1) \| Respond to of 4269

Hi Stephen and Tim, don't get exited about nothing.Yes, GLB has the right to earn 50% on the Rathbun property by spending $400 000 over 4 years, of which they spent 150 00 to $200 000 already and the rest will come over the next 2 years.In Kelly township the role is just reversed.There are approximately 18 mill. shares of GLB and close to 14 million shares of flag outstanding.There is also a cross ownership of shares.GLB owns approximately 1.2mill shares of flag and flag owns also some GLB, but don't have a figure. If this Rathbun thing is a hit,Glb would be a better buy in my opinion because of the present share price and the low POG, but should the gold take off, then it won't be a contest.Flag all the way.By next Tuesday we should get more info I hope,which should also include the drilling activity of the last 2 months.Cheers and don't let impatience get you down.ali P.S. GLB traded quite actively yesterday