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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (15556)8/13/1998 10:26:00 PM
From: jlallen  Read Replies (1) of 20681
 
You know if you look past the issue of yesterday's trading and calm down and read the entire release (as I just did after my blood pressure returned to normal) its not so bad. Once again, I think Sid has erred on the side of caution and accentuated the negative in this release. Ledoux does stand by its previous work (prior to the new drill program) and some of those numbers were pretty good. It is troubling that the new holes were .03 but all does not seem to be lost as yet. Also, I agree with you Henry, Ledoux's explanation is not much better than the initial cryptic message. I think we need to find another lab to work with Ledoux to keep them honest. JLA
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