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

To: sh who wrote (7514)	12/18/1997 1:57:00 PM
From: Jim	Read Replies (1) \| Respond to of 20681

Sh, After speaking to IR last week, my understanding on the company's cash situation was like this: 1.2 million in the bank, but roughly $ 600,000 of the 1.2 million going towards the much discussed mining equipment that is expected to arrive in the early spring. I think someone mentioned a 50% down & 50% on delivery pay plan for the equipment, so If my math is correct they could have just under 1 million dollars available ($ 900,000). Also, I think this question was asked on the thread before, but I don't remember seeing an answer. How many shares are there outstanding and how many of those are float ? Just curious... Thanks, Jim