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

To: Anne Lamb who wrote (7651)	12/27/1997 1:24:00 PM
From: ShoppinTheNet	Read Replies (1) \| Respond to of 20681

NO! I am worried about Ledoux's reputation and I am trying to determine if they deserve the world class reputation, or are they bungling idoits?

To: Anne Lamb who wrote (7651)	12/27/1997 5:03:00 PM
From: sh	Read Replies (2) \| Respond to of 20681

Anne, I have expressed concern in the recent past over the weakness in the stock price. I still have concern given the magnitude of the recovery results that were released in the last communication. One would think that even with uncertified results such as we have, the stock would go up a few points rather than down a few points. Reason being that Ledoux agreed to their release and that in itself is a significant event that bodes well for their confidence in the process and the ultimate certification of the results. Does Friday's $.25 drop concern me? On volume of 8,000 shares, of course not! If something was not working out well, we would see a lot more activity than that. I know someone who tried to buy at $6 on Friday and failed. The bid/ask was mainly in the range of 5 7/8 and 6 «. If the price continues to drift downwards next week, then I'll be concerned again. I know, Tom Frederick wants us to be patient and not get hung up on the current meandering of the stock price. However, that's hard to do when the weakness really is inexplicable. Sure, we have the PP that usually brings the share price down, we have no real market listing, uncertified results, a cloud still looming with regard to the outstanding ASC issue, etc., but IMHO the stock price should have picked up, not gone down on what I believe was an otherwise very positive occurrence with the release of the last PR. (Despite all this, I actually fully agree with Tom Frederick's assessment.) S.K, do you know something we don't? If so, please do tell. Kurt Reschner also seems to be concerned about something that he's not disclosing. Speak up guys. BTW, it's my understanding that GPGI has non-COC results of 8 opt/au. Not that it's comparable to Naxos, which apparently has at least 2,800 minable acres. Anyhow, whatever happens, I wish everyone a healthy, happy and prosperous New Year. sh