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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: cp who wrote (4243)	9/28/1997 1:58:00 PM
From: Wats	of 20681

Hi cp and all: I've posted very infrequently but move around this thread a fair amount - for the benefit of my father as some of you may recall. He had sold 10,000 shares of Naxos just before it was halted on the ASE last year. He has held his remaining 10,000 shares (and 2,000 of my mothers) until recently. In the last three weeks he and my mother have sold 7,000 shares at a $6.50 (or about $9 Cdn.) average. He currently has 3,000 at a ask of $7.00. He will hold the remaining 2,000 shares for the next year or so - or whenever the real extent of the Franklin Lake gold/platinum amount is....and if it's economic or not. So if it hits 50 bucks a share :-) he will be happy with 2,000 shares! He is retiring probably March 1998, so with his pension, and Naxos profits along with many other stocks - although many have gone down in the past 6 months! - he will be happy for a long time. His "comfort" level has changed. And really, his patience has paid off. It's too speculative right now for him. In any case, he's won no matter how Naxos goes.....good luck all. Wats

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