Naxos Resources (NAXOF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Naxos Resources (NAXOF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GOGI who wrote (4163)	9/20/1997 1:57:00 AM
From: david cohen	of 20681

I agree. Last month Naxos could not complete an offering at 1 1/4. Now, they are able to get 5 for much needed monies. These funds enable them to continue and complete a first class drilling program. I compare this to a drug company running clininical trials to gather evidence for approval from the FDA. Once Naxos has finished these tests and have shown significant recovery numbers then they have succeded. No further dilution will be neccesary, at least not at these low prices. Later on more money will be needed, but my guess is that prices will be in the double-digits. I see this new financing news as EXTREMELY bullish on Naxos. Besides, if they have what we all suspect, whats another million shares?? Just my opinion. Gooooo NAXOS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next