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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Kim W. Brasington who wrote (7408)	12/17/1997 1:59:00 AM
From: W.F. Schwertley	Read Replies (1) of 20681

Kim, I'm confused, my head hurts, and my blood pressure is on the rise from too much inconsistant information. Not long after the press release the SI seemed in harmony with the idea that three more weeks were needed before Ladoux would have time to retest and certify the 3oz/ton numbers. Now we seem to be talking quarters. Is Ladoux unwilling to certify the numbers without corroboration from outside labs? And if so, doesn't this indicate a lack of confidence in Ladoux's own numbers? About the assesment of the Johnson/Lett procedure by Jan. 6. The SI thread is now floating the idea of a renegotiation of the contract. If so, is Johnson willing to renegotiate? And at what cost? Renegotiated contracts tend to cost more than the original. The reason I ask is because I expect the share price to drop with real or imaginary delays. Perhaps it would be best to sell now and buy back more shares at lower prices ;-) WFS

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