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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Macklin who wrote (7848)	1/6/1998 8:23:00 PM
From: Max Haber	Read Replies (2) of 20681

Larry, you're a little optimistic with your time frames. If Dr. Johnson is at a processing lab this week, showing the process to a new lab the samples will not go out this week. Dr. Johnson or any other Naxos employee cannot be at the facility for chain of custody reasons. After Dr. "J" leaves the samples then could be done in a week pushing back your time frame by at least a week. I do hope you are correct and the private placement does close soon so investors who like the story buy the stock in the open market. Private placements should be limited in the future I hope. Lets all hope the price did not drop (on the P.P.) to todays close. That would be insulting. Any future big investors should have to buy in the market or be sold the stock in Diamond Fields fashion. Ledoux with a 5 day turn around on results? How long has Ledoux had the B-D ore with no certification? I also hope that results should start to come in at a better pace by the end of the month. "40 holes being drilled" don't think so. Need the permits first. Latest ariel photos show all is quiet. Max Haber

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