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

To: Larry Brubaker who wrote (6585)	12/7/1997 1:48:00 PM
From: Neal davidson	Read Replies (3) \| Respond to of 20681

Larry: The shorts did not slaughter Delgratia and IPMCF...those companies simply did not have the goods (or could not prove that they have the goods). Similiarly, the shorts will not materially deplete the value of Naxos stock. If Naxos has economically recoverable gold, the longs will make money. If Naxos does not have economically recoverable gold, then the shorts will make money. The 50 cent price moves which HL's scare tactics may cause are not the kind of price moves that caused me to buy the stock. I am in for $100.00+ or $0... The shorters alone cannot bring the stock to zero. However, if they are eventually squeezed, they can help send the stock to $100.00 a lot faster. Neal