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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: GOGI who wrote (5737)	11/19/1997 2:39:00 PM
From: Ed Huang	Read Replies (4) of 20681

GOGI, I agree that financial statements is an important angle to evaluate a company. It's also the area I'm trying to learn more. Good suggestion from your post. I also believe that the legitimate gold companies will worth much more in the future. Good companies like NGC ABX PDG are much cheaper than a few months ago because of the weak gold price. But short term, I will stay on the side line. I believe the weakness needs some more time to run its course. We just need to follow the situation for market timing. I think NAXOS still remains highly speculative, several key issues are waiting to be proven(otherwise it would be trading at 3 - 4 digit price level). The Positive side is the assay and recovery work seems to be in progress but with no official news lately. On the other hand, information from the company has become scarce in the recent months. A company policy switch? I wonder. And I hope it's a good policy if it was a switch. The only thing I can do now is watching the NAXOS chart up and down, and the ever-fluctuating quotes from Mark ;-) poor me! Ed

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