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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (7593)	12/27/1997 1:33:00 AM
From: Lawrence Brierley	of 20681

Mark, You wrote: <<According to Bloomberg, you will have some company as a new mutual fund has apparently joined the ranks of Naxos shareholders. David W. Tice & Associates has bought 67,900 shares as of the last quarter of '97 in the Prudent Bear fund.>> One of the great things about Christmas holidays is that I get a chance to read through mail that has piled up for a month or two. One piece awaiting my attention was my monthly instalment of the newsletter Strategic Investment. I knew I had heard the name Tice before. He is a contributing editor to this newsletter. Strategic Investment, which I believe has quite a large subscription, has recommended the Prudent Bear Fund in the past. It is good to hear they have just sunk half a million dollars into Naxos. I, for one, am most appreciative when the exalted Bloomberg subscibers pass along information to the great unwashed. Many thanks. The best, Lawrence

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