Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Doug Meetmer who wrote (4383)	10/7/1997 10:07:00 AM
From: Jan A. Van Hummel	of 20681

Doug, Nothing wrong with a healthy dose of skepticism. I would argue that the current trading range of $5 - $8 reflects the willingness of investors to accept an all or nothing scenario, that is, we are mentally prepared to learn there is nothing there. It may hurt, but most of us were willing to take that chance. Sure, there are still a lot of issued to be resolved, but if the results come out positive, the likelihood of still winding up with nothing has been drastically reduced. This should push the stock to higher levels than the current trading range as investors will likely accept the inherent risks at a higher level because two of the critical issues would have apparently been resolved, namely, that of the presence and recoverability of PMs. No doubt, there are more hurdles to overcome, but the underlying factors will have changed dramatically. JMHO Jan A. Van Hummel

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