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

To: Neal davidson who wrote (19750)	9/14/1999 2:30:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Neal, We may just get there. It's very interesting watching the trading though. 12:59:02 0.135 13000 OTCBB at Ask 12:52:55 0.131 13000 OTCBB at Bid 12:52:51 0.135 15000 OTCBB at Ask 12:20:53 0.131 10000 OTCBB at Bid 12:20:42 0.131 10000 OTCBB at Bid 12:13:40 0.131 15000 OTCBB at Bid 12:11:52 0.131 20000 OTCBB Some willing to sell now for whatever they can get (selling at the Bid) others wanting to buy at whatever the market dictates (buy at the ask). Seems we have two trains of thought here. First the sellers - If Naxos doesn't come up with Lithium in the brine, this is the last shot at getting anything for this stock For the buyers - If Naxos comes up with anything worth recovering out of the brine, this is cheap at almost any price and now is the time to load up, before drilling starts. Could go either way, but I'm betting that US Geologic survey results are on our side this time. Something doesn't sit in the ground for millions of years and change over the last 20 years or so. The precious metals remain an open issue. For now, Naxos could create a pretty nice return on investment for those buying at these prices based on a solid contract for Lithium and Boron, mainly because they both have very main stream uses in a broad variety of industries. And testing and recovery are very standard. No black box stuff. There is still work to do, but at least it's a specific target and we've got a clear shot at it. Tom F.