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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: RRG who wrote (4194)9/27/1997 12:14:00 AM
From: cp   of 20681
 
Naxos being conservative? I don't think so. If anything they have made brash statements without any outstanding results using traditional methods of recovery. Most geologists are skeptical but most shareholders do not want to sell just in case they really have what they say they do. At least now the stock is off the ASE which is a joke to begin with. When and if they get concrete results this stock will move. In the mean time the true mkt is on the Instinet machine where there seems to be a lack of sellers. good luck, cp
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