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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Tim Hall who wrote (19149)5/13/1999 5:19:00 PM
From: Henry Volquardsen   of 20681
 
Tim,

I believe part of Naxos' settlement of it's contract with J/L was to sell them some of the equipment. I do not know what specific equipment or prices. Given the level of professionalism of all incarnations of Naxos management it is quite feasible that we over paid when buying and got pennies on the dollar when selling. Given J/L's relationship with MGAU it is neither surprising nor inappropriate that the equipment is in use at MGAU.

Henry
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