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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Rick Nazaruk who wrote (7087)	12/11/1997 8:30:00 PM
From: GlobalMarine	Read Replies (1) of 20681

Rick: Overall, the sentiment to gold, gold stocks and DD stocks is poor. The Asian meltdown has affected Wall St., witness today's (and tommorow's, judging by Globex quotes on S&P and NDX100 futures) stock shellacking .It's possible some people are worried about a proposal to delist BB stocks that don't fully report (note that a non-reporting company that starts to report gets to stay on the BB). Ledoux has yet to certify results too. All in all, a difficult environment to operate in, and I'm not surprised that the stock price didn't go ballistic today. Heck, yesterday I predicted $8 1/4 on the close today. But look on the bright side, from $7 to $8 1/4 is 18% in a day; that's a tad better than a savings account, wouldn't you agree? Rand

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