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

To: Anne Lamb who wrote (7145)	12/12/1997 11:12:00 AM
From: Jim	Respond to of 20681

Anne, Spoke to Investor Relations yesterday and was told that the results that are to begin at Ledoux today "should" take about a week, BUT given Ledoux's famous "two more weeks" slogan I was given the more realistic 2 - 3 weeks out. Liontamer, maybe it will be "certified" 3 plus onces by Christmas ! We can all hope... Any recent quotes ??? Thanks, Jim

To: Anne Lamb who wrote (7145)	12/12/1997 11:14:00 AM
From: Ed Lamb	Respond to of 20681

Anne As a battle scarred veteran of the DD's your posts are both wanted and welcome. elamb

To: Anne Lamb who wrote (7145)	12/12/1997 11:34:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Anne, I've been wondering that myself. The testin itself should take a week or so and then factor in some inevitable delay.... A date to keep in mind is Jan 6. I believe that is the next decision point for Naxos re their option on the Johnson-Lett process. So I suspect they will have something from Ledoux by then since part of Ledoux's contract was to evaluate that process and I am sure the option exercise dates were considered in their discussions with Ledoux. As far as the short interest I think the fact that the stock is not marginable is more of a factor in holding down the short interest than the lack of electronic trading. As far as I know it is very difficult for anyone but the market makers to short the stock in the US. I don't believe that is a problem in Canada. I continue to believe there are still shorts up north. Henry