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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Bill Jackson who wrote (5510)	11/12/1997 9:11:00 AM
From: Lalit Jain	Read Replies (2) of 20681

Bill, Naxos IS currently going through an unrelated third party (ledoux). Ledoux has done their own drilling and are performing their own independent assays. Ledoux has certified their previous results from the COC samples with some results showing upto 3 oz/ton Au. Frankly, I am a bit surprised for you to spend so much time on the Naxos thread, while claiming to have no position in Naxos (long or short). I can tell you that most investors are aware of the risks involved in investing in Naxos. The Ledoux COC results should be released in the near future. But from now till then there will be many "David Baines" like folks that try to cast doubts and cover some of their shorts. I do respect your opinions as I have had many a discussions with you previously on other threads, but I think you are judging Naxos wrongly. In my opinion, the ASE and Chemex were wrong in their assessment of Naxos. I am just a bit disappointed that Naxos did not legally go after the ASE for trying to destroy it as a going concern. Regards, Lalit Jain

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