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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.

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To: Neal davidson who wrote (32)11/20/1996 6:27:00 PM
From: George Alazar   of 615
 
Neal: I believe CHIP is trading as a proxy for Naxos in that people familiar with the story recognize another like situation. I don't think it will trade day to day reflecting the current mood of investors regarding Naxos's fate, although the mood has gotten more negative this past few days. Remember Neal, CHIP was bid .35 when it announced the Griffen property and has risen as high as 2 dollars in just days. I don't see it weakening much, however , there may be some finger traders getting in and out on the swings. George
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