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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (18461)4/6/1999 12:53:00 PM
From: Henry Volquardsen  Read Replies (2) of 20681
 
Tom,

No, I meant at current levels. $.42 to $10.00 is be a return of 22.8 to 1. The implication of my statement is that I believe the odds of Naxos making it to $10 is greater than 22.8 to 1. Therefore I don't think the risk reward ratio justifies additional investment at this price. Of course each person would have to make his/her own assessment of the odds. Where the other purchases were made is irrelevant. It is all about making a judgement in the here and now.

Henry
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