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

To: mark silvers who wrote (7588)	12/21/1997 10:25:00 PM
From: Anne Lamb	Respond to of 20681

Does anyone know if you can get the monthly short interest in Naxos? not sure if its possible if not traded electronically..that knowlege could shed alot of light on the price..i think its manipulated..It went over 10 on speculation that they would get these numbers..now they are given credence..no reason why the stock shouldnt have met the 10+ figure.. also..mining stocks dont wait til the mine is operating to get a good price rise..i dont know what all feel is a big price jump..but IMO i think when they get certified numbers and financing and an article in WSJ..we could be off to the races..Of course..i think all of us..including the brokers are at a loss as to how the market will/is responding to gold stocks in the wake of all the bad news this year..not to mention the POG..so..guess we just have to wait and hope.

To: mark silvers who wrote (7588)	12/21/1997 11:41:00 PM
From: knight	Read Replies (2) \| Respond to of 20681

Mark, thanks for the reply. I guess I'm just nit-picking the Oct 9/97 agreement with J/L and the 90 day time frame to get to the "permanent rights" stage with the methodology. $500k plus 2m shares, jeez, I dunno? I think we could have cut a better deal with these guys in our favour. It's not like the market is beating a path to their door. I know all this is a useless excersise as the deal is done, but I think we could have used some leverage on our side rather than J/L. The way I see it, if this pilot plant phase flops, J/L walks away with, at the very least, $500k and 2m shares for their troubles. I still maintain that we should have offered $250k up front and the balance held in escrow subject to a satisfactory outcome of the J/L methodology as demonstrated by the certified assays and successful outcome of the pilot plant test. Guess I'm just hard to deal with. knight ( naxonian? hummm? a naxonian knight, does have a romantic ring to it.)