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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Tom Frederick who wrote (16573)	10/7/1998 2:54:00 PM
From: Donald E. Aken	of 20681

Tom, I still believe that F/L holds something of value but the time and cost involved in turning "junk" science into a economic process in a climate when speculative money is evaporating faster than water out of our dry lake bed indicates to me that Naxos won't be the one to do it. They have run out of do-overs. Over the past several years I developed a real trench mentality regarding Naxos and my earlier enthusiasm caused others to invest that probably would not have otherwise, and I am sure others here have done the same, that is a mistake that will not repeat itself on my part. I do retain a small position in the form of a physical certificate and will frame it and hang it over my trading desk as a reminder of the true definition of risk. Regarding J/L, I will be watching and hoping for the best....at a distance. Having said that I have passed up at least two opportunities to get out with 100% profit and blame no one but myself for the loss.

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