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

To: sh who wrote (7476)	12/17/1997 10:07:00 PM
From: mark silvers	Read Replies (3) \| Respond to of 20681

SH Respectfully, I disagree with you. The market is not always right in its assumptions. Yes the market is very, very efficient. The more liquid and well known a situation, the more efficient it is. This is neither.. Believe me, for the most part Naxos and the whole DD situation is flying well below radar. This is a highly volatile stock, that is highly illiquid.. It is subject to wild swings and moved by rumor, fact, and everything in between. I still think, that Ledoux's statement of what kind of numbers they are getting is almost as good a certification. It is not certification, but it is a statement of confidence in the consistency of the numbers by Ledoux. A lab with the reputation of LeDoux doesn't put that out, without a very high confidence level. IMHO Mark