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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Jan A. Van Hummel who wrote (7568)	12/21/1997 9:53:00 AM
From: mark silvers	Read Replies (1) of 20681

Jan <<For investors to come in I doubt at this point in the process they would have stepped in as easily at $10-$12 than at the current $6>> Jan, I don't agree. I think if we had risen to $12 after the announcement, most investors would have felt that the market was giving Naxos credibility due to the numbers released by Ledoux, and would have felt more confidence due to that validity.. When the market traded off, I think everyone waill agree to feelling some confusion, and perhaps a little doubt. I think that confusion actually makes it harder to raise funds at $6 than it does at $12 with a corresponding feeling of an emminent breakthrough. (not that the breakthrough isn't near, or that confidence isn't warranted) Either way, it is just my opinion and i am very glad that we are back discussing issues and that we have gotten past the sniping(myself included) Mark

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