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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (14612)	7/22/1998 11:11:00 AM
From: Richard Mazzarella	Read Replies (1) of 20681

Henry, thanks, I agree with that. This is and always has been a speculative stock. I know you have argued for a more conventional posture so as to value it more as a value play, but you can't deny the stock trading evidence. There is more potential opportunity to make money in a speculation phase than any value phase. My wonderful little RIC value play is just dead money. I'll take a dirt any day for potential of speculation short term reward. My value plays however provide a secure foundation and liquidity for the "games" when necessary.

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