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

To: N.Howard who wrote (7501)	12/18/1997 8:03:00 AM
From: Eric Tai	Read Replies (1) \| Respond to of 20681

N. Howard, Interesting. Actually not a bad price to do private placement. Do you know how many shares are placed for the private placement?

To: N.Howard who wrote (7501)	12/18/1997 10:27:00 AM
From: JMB55	Respond to of 20681

N. Howard, not a bad price for the PP (from an investor's standpoint). There certainly is no way we would have been seeing this kind of PP price over the last few years. Just a little retracement in our price short-term, IMO. After the recent PR, I wouldn't anticipate Naxos having too much trouble fully subscribing the PP. Just curious what Allen & Co. is thinking these days. Get the feeling we've got some nice strength building here. Best to all, Lurker Jack

To: N.Howard who wrote (7501)	12/18/1997 11:48:00 AM
From: james m. schultz	Read Replies (1) \| Respond to of 20681

N. Howard, Thank you for that info. Do you know if it is the same firm/entity which made the PP @ 5 that is exercising its options @ 6 ? Or a new firm? Some thoughts from a loyal lurker. The share price at this point is of absolutely no concern; as a matter of fact, healthy for NAXOS at this point. Backing and filling. The enthusiasm of some of you as to share price is fun to listen to, but I have stated in a post before that my next investment will be at that point when NAXOS can reasonable assess profitable recovery. And I for one am very glad and excited that that day is closer, much closer than it was yesterday. And the a PP is being made......still should be seen as a positive. I am also very pleased with the direction management is moving in. N. Howard a response would be greatly appreciated. Jim