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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Michael Donahue who wrote (6096)12/2/1997 2:47:00 PM
From: Neal davidson   of 20681
 
I have two more cents:

I was wrong...the worst case scenario would not be Ledoux's refusal to
certify and release numbers...The worst case scenario would be for Ledoux
to release and certify BAD numbers. However, I do not think that will happen.

If anyone out there thinks that Naxos management already has COC numbers
which have been certified by Ledoux, and that management is holding back the
release of those numbers, then you ought to sell the stock, because
that means that you believe that Naxos management is withholding
critically important information. I just do not believe this. I
believe that the platinum numbers are coming back in a range between
good and spectacular, and the inconsistency is causing concern for
Ledoux. If the numbers become more consistent, i assume Ledoux will
certify them for release. If the numbers remain inconsistent, well.....
that is where my concern lies.
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