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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Larry Macklin who wrote (8752)1/31/1998 10:11:00 PM
From: B.D.Bauden  Read Replies (2) of 20681
 
Okay Larry, I'll tell you what I think will happen, but you're not going to like it.

My guess is that the stock will get a point or a point and a half boost the day before the news is released due to the word being leaked by insiders. Then it will settle back down to the 5.50 range in about a week or two.

I believe that the announcement of very good Au and Pt numbers will be met with total indifference by wall street and at the end of February we will be about where we are now.

Let me state for the record that I am long on NAXOF and am a keeper of the faith, but history is on my side with this prediction.

I would be delighted to be proven wrong but I don't think this stock is going to move until one of two things happens:

1) We complete the pilot plant and start putting tons of ore in one end and get PM's out the other.

2) Some big name investor with deep pockets dumps a ton of money into FL.

As always, just my opinion.

BDB

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