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

To: Henry Volquardsen who wrote (7349)	12/16/1997 7:52:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Henry They announced the cost of the equipment at the roadshow. It was either $600,000 or $900,000. I don't remember which, offhand. Johnson-Lett were NOT the vendors. The purchase was announced at the roadshow and before Ledoux's announcement. I believe that Ledoux may have given Naxos verbal numbers(before putting it in writing) so that Naxos knew what the numbers would be, but could not in good faith release those numbers yet. It did, however, allow afford Naxos the assuredness needed to purchase the equipment before getting the numbers in writung from Ledoux. Mark