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

To: Henry Volquardsen who wrote (19970)	10/29/1999 4:23:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Henry, certainly a reasonable possibility. I can't disagree at all. However, this has been the direction for many months now and this is merely the culmination of that effort. But considering your comment, it could still be their belief that they could have changed the course up till now, but once the drills arrived, then there was no turning back. We'll hopefully know by the end of this year whether FG gave up those shares about 8 weeks too soon at a fraction of what they will be worth or if he was the smartest one of all. Tom F.

To: Henry Volquardsen who wrote (19970)	10/29/1999 5:08:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 20681

Henry, <<Perhaps they disagree with the current philosophy and believe it will fail. Therefore they are getting out while they can.>> That's also my conclusion, I give up here. However, maybe that's the mother of all buy signals? <VBG>

To: Henry Volquardsen who wrote (19970)	10/29/1999 5:48:00 PM
From: Neal davidson	Respond to of 20681

<<Perhaps they disagree with the current philosophy and believe it will fail. Therefore they are getting out while they can. They might disagree that this is the most reasonable opportunity for success. If so this would be the sanest move attributed to the Fr Gregory camp yet.>> Here is another possibility: The "camp" has stock with major paper losses. They want to sell the stock so they can have the loss, but they also think there is potential and want to own the stock. To take the loss, they have to wait 30 days before they buy again. Therefore, they sell now, knowing that they can re-buy in 30 days, before the results come out. This is just a possibility. Personally, I think there is no hope for the stock, and I will sell prior to the end of the year, with no intention of re-buying. I will, however, continue to read this thread, as it often provides a good laugh.