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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jlallen who wrote (9221)	2/21/1998 11:29:00 AM
From: SER	Read Replies (3) of 20681

To All, I don't get it! I was checking my Naxos position on line this morning and the value was based on the MM $4 bid and the ask price was $4.50 even though the last sale was over $5. How can this be that the MM are at $4/ 4.5 if the last sale was over $5. Does this mean that the price dropped after someone laid out a lot of money for Naxos. Wouldn't it go up? Something is not right! If we tried to buy at 4.5 would they sell at that price? Are they devaluating the price? Your thoughts please. "May the numbers be with you" SER

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