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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: citydi who wrote (11810)	4/15/1998 12:22:00 AM
From: sh	Read Replies (2) of 20681

Pessimism sure is prevailing on this thread. Since when did the gold mine become a copper mine? Everyone talks about 1.5 holes worth of testing. What about all the testing that occurred prior to that? How easily we forget! Just a month or so ago when I suggested that we had relatively few results, I was lambasted. Now people are swallowing it as the gospel truth. I corrected myself then (I believe in response to a post from Tom). Go look at the company web page and all the news releases of the past. You'll find that Naxos has done many tests over a wide area. Although most was not COC, third party verified results, the results to the best of my recollection correlate with the results we have been getting of late. Based on these facts, this stock, contrary to the new spin, is not overvalued. To the contrary, it is undervalued. The last thing I want to see is a low priced PP! If that's what we're being set up for, it is outrageous. I am sick and tired of the dilution of our stock through low priced PPs. If we are going to have a low priced PP, I want it spelled out by management precisely why it is necessary at this time. While I'm at it, what's going on with the search for new management???

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