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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Neal davidson who wrote (17223)	12/12/1998 10:24:00 PM
From: Richard Mazzarella	Read Replies (2) of 20681

Neal, I suspect that the stock popped because of short covering on the news. A metal announcement after most had given up on FL juiced some buying that got shorts scurrying. After the peak, the shorts came back and shorted again into the strength. IMO that release didn't demonstrate anything other than suggest that there still may be life after death on the playa clay's. Ability to show metals and demonstration of recovery economics are two very different things. This patient's still quite sick IMO.

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