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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Kim W. Brasington who wrote (19430)	7/12/1999 8:22:00 PM
From: Larry Macklin	Respond to of 20681

Naxos has given a deadline of 90 days to excersize warrents at 50 cents......I can't see why anyone would do this unless Naxos makes significant progress that is proven and made public. The biggest item in the news release is Russ Smith leaving the company. At times he was the glue that held this thing together. I feel a lot less comfortable with Naxos now that he is gone. Interesting that the stock price moved up ahead of this news release. I would have thought that it would have gone down. Larry Macklin