Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jas singh MD who wrote (7676)	12/29/1997 3:20:00 PM
From: Henry Volquardsen	Read Replies (2) of 20681

Jas, I hold the same long term view as you do. However there is a reason to be concerned by the activity of the short sellers. NAXOF will need additional financing in the year ahead in order to fully exercise the option on J/L and to go into full production. If the shorts keep the price down in the near term that will make these financings more dilutuive. Henry

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