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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Keith Rowland who wrote (11730)4/13/1998 12:37:00 PM
From: Random Walk  Read Replies (3) of 20681
 
First of all, how is Naxos down? What was the price last year at this time? Tom, also hidden in Kim's comment could be the expectation of lower numbers. Think about it, we're still waiting for the blockbuster release. We have four labs working on five holes supposedly, but only one lab can produce consistent numbers. The stock price continues to drift lower in the face of truly great fundamental developments(expanded drilling-electronic trading-improving coc certified #s-proactive management) Think further, the best day in Naxos recent history was the announcement of the J/L agreement. Then we saw 10.5 per share. Today we have reality. That reality costs 3.5 per share. I wish I had an explanation.
Don Schreiber
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