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


To: Craig Wilson who wrote (6927)12/11/1997 12:06:00 AM
From: GlobalMarine  Respond to of 20681
 
Craig: The traditional mining community hasn't gone on a DD staking binge, so they're waiting to see what happens, it seems. One interesting thing about acquisitions by the majors is that they'd rather wait and pay top dollar for a sure thing than buy early and incur risk. Shareholders of the majors like that approach too, as they tend to buy them not so much for exploration speculation as for gold exposure in general.