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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Millracer who wrote (3609)8/28/1997 11:03:00 PM
From: Neal davidson   of 20681
 
Millracer, to the extent that there are "weak souls," I do not think
that they are on this thread...those of us who have been here all along
are aware of the risks and of the potential rewards...besides, I doubt
that the participants on this thread control enough stock to affect
the price.

Fundamentals are not key to the stock price right now...the potential
is key...when I bought this stock i was told that the stock would eventually
trade at 100 or zero...we have been perilously close to zero, and if some
are to be believed, we could see this stock well above 100. If Naxos
has what some think it has, then the stock will have a future value above
$1000...So the question is: what do we have? Every stock is valued
based on future earnings...no one cares what Microsoft will earn in 1997,
investors are looking out into 1998 and beyond...if Naxos has the gold,
and it can be recovered, we are rich...if not, then we lose...it is as
simple as that...from what I can tell, most of us on this thread have
already placed our bets, the game has begun, and we anxiously await the
results.
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