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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Brubaker who wrote (13016)	5/19/1998 4:11:00 AM
From: Kurt R.	Read Replies (1) of 20681

To All: Interesting price move we saw yesterday. Looks like Naxos continues to stick to the old pattern of dropping on good news. OTOH, those of you who have a copy of the offering memorandum dated May 30, 1997 may have noticed that a total of 380,000 options @ $3.00 expired on May 17, 1998. Looking forward to seeing the results from the remaining BD holes. Kurt

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