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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: citydi who wrote (4152)	9/19/1997 8:23:00 PM
From: GOGI	of 20681

I think I see some significance in what appears to be an insignificant statement in Mr. Brasington's latest Naxos news release. Naxos has purchased the renewal of an option (for a further three years) to buy out the 4% royalty from the original owners of the P+K Claims for a price of US$1,500,000, or words to that effect. This statement comes at a time when we are waiting on COC results. If I was running this company, I certainly wouldn't renew this option if the results of testing by the scientific labs (that are ongoing) wasn't going well. What I'm saying is that this is just one more indication that God might be on the side of Naxos Resources in the pending COC results that we are all anxiously waiting on. GOGI

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