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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: sh who wrote (6060)	12/2/1997 10:03:00 AM
From: Jan A. Van Hummel	Read Replies (1) of 20681

SH, Neal It is not up to Ledoux to release the results. They did the work for Naxos. It is up to Naxos' management to time the release of any results. At this time they must be getting close to as critical phase to securing the necessary financing to take Naxos to the next level. Having the results in hand (and not yet released) may give them a lot more leverage to secure the necessary financing at the least cost the all shareholders, than arbitrarily releasing the results without having the financing secured. Mind you, the "new" investors must have an incentive to get on board. I think that it would be a little easier to accomplish with good results to show and a stock price of $6 - $9, than if the news is out and the stock trades at say $25 or $30 to throw out a number. Maybe I see this wrong, but it's MHO. Jan

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