Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mark silvers who wrote (7285)	12/15/1997 11:48:00 AM
From: Millracer	Read Replies (1) \| Respond to of 20681

Probably good advice Mark but I think mid-January is optimistic if a track record means anything with this company. Right now, the story seems to go like this: If you are long--the numbers were released in this manner because the delay was making people nervous and in order to provide the company with an opportunity to line up financing at reasonable prices. The big money boys have agreed to commit based upon certification, which will come as soon as all of the i's are dotted and t's crossed on the commitment letter. The platinum numbers, by the way, are really going to drive the stock price far more than gold. On the other hand, if you are short--the numbers were released in this manner as part of the scam. Ledoux will never certify them. The prospect of other labs is just another delaying tactic. The stock should have run up a bit even with the uncertified numbers. Too bad there are no longs buying any more and, after the first day, it did not happen. By the way, I still consider myself a long. But it is getting a bit tough to stare profit in the face and not take it.