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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jas singh MD who wrote (5824)	11/21/1997 7:34:00 PM
From: Larry Brubaker	of 20681

jas: From one who was long on IPM when their poor results came out a week ago, I did not take offense to the previous post. Seemed to be more of a slam against Taylor than IPM shareholders. Seems to me Taylor deserves it. One of the more irritating things of the last week was the spin control that Jay Taylor and Ron Struthers tried to put on IPM's obviously disappointing results. Both of these writers were trying to say IPM's results were good news, and that shareholders shouldn't sell. Because I chose not to "buy" the free advice posted by the two newsletter writers over the weekend, I managed to get out of IPM at $3.50. Damn glad I did. Good luck to Naxos.

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