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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: sh who wrote (6044)	12/1/1997 10:14:00 PM
From: mark silvers	Read Replies (1) of 20681

SH I don't know why the stock took a hit today. I do know that for the last three weeks or so, it has traded up on Thursday and Friday, only to sell off on the following Monday. What does that tell us? nothing. We are still in the same range that we have been in for quite awhile. We have been as low as 5-something and a little over 10, so we are basically in the middle of that range. Until we get news, nothing much is going to change. Hopefully that will be sooner rather later. In my mind, the price and volume tell you nothing. Yes, they have at times predicted news about the stock. There have been other times where it has predicted nothing. If we trade at 3 tomorrow or we trade at 12, it won't really matter unless we get a release, because I'm not selling. What kind of news are you all afraid of. that Ledoux will wake up from bad dream and pretend that they haven't certified the presence of gold and platinum in the past? IMO, the worst news you could hear is that results will take a little longer than expected. The best is that we have gotten great numbers again. Personally, I like that kind of risk/reward scenario. Mark

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