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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Rick Nazaruk who wrote (7087)12/12/1997 6:05:00 AM
From: Henry Volquardsen   of 20681
 
Rick, as others have said the market stinks for precious metals stocks at the moment and DDs don't have a very high profile. The market in general was not to hot either. Also it appears the Dow newswire never picked up the story. So by and large the people who saw the release were the ones already watching it. Also COC without certification may be an issue but that will be resolved.

The way I have found to cushion the emotional impact of trading a stock at this stage of development to keep it at the forefront of my mind that this is venture capital. We are not going to get day to day validation from the market. Very few people are aware of what is happening. We are watching the building of a business that will add significant value and it is best to keep our sights focused on the long term. Remember the Field of Dreams, build it and they will come. Don't sweat the short term, it's making progress towards the long term viability of Naxos where the real reward lies.
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