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

To: Lalit Jain who wrote (6031)	12/1/1997 6:49:00 PM
From: Ralph	Read Replies (1) \| Respond to of 20681

I had my sell in at 8.5 during the time when this should have sold. It was 1000 shares and if my broker isn't hosing me someone else is.

To: Lalit Jain who wrote (6031)	12/1/1997 7:48:00 PM
From: Jan A. Van Hummel	Respond to of 20681

LJ Last week we had some strong up movement on volume. Unless there is some news out there that the general market doesnot have yet I would venture that this may be an effort on part of the MMs to shake loose some shares for whatever purpose. To cover shorts, to build some inventory, and so on. The investor circuit is doing the tour of the DDs this week. Naxos will be on display on Thursday, December 4. Since Naxos needs to raise a significant amount of financing, it would make good sense for Naxos and the potential investor to have any good news released after 12/4. If something good is going to happen you want to be long as a MM, and not only that you like to own a bunch. With the kind of volume we have seen in recent weeks that may have been a difficult task, so what is easier than to create some doubts among those who have something to lose now? But then, maybe it is HL going for the endplay! JMHO Jan