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


To: Larry Macklin who wrote (19435)7/13/1999 11:25:00 AM
From: mark silvers  Read Replies (2) | Respond to of 20681
 
Larry,

What do you think of this scenario?

From the latest news release we can derive several things. One was clearly stated, options prices and expirations are being changed to a more favorable strike price/time frame.

The next part is inferred. The good Father is going to be invited to a sit down. I doubt that naxos will go to him empty handed, so I assume that they will be giving into him on some level(BOD, mgmt position, favorable investing terms, whatever)

Between the assumption of at least a 50cent share px implied by the re-pxing of the options and some level of happiness that will be given to the followers of the Good Father, Isn't it a lock to see this thing climb to fifty cents and possibly even a double from here?

I am contemplating buying back some of the shares I recently sold.

Mark