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

To: Anne Lamb who wrote (8872)	2/6/1998 11:47:00 AM
From: mark silvers	Respond to of 20681

Anne <<With the PR..I cant help but think its just smoke and mirrors a bit..if it was really good news..we would have seen a price rise 2 days ago>> With all due respect, I just don't think that statement has any validity. The news is either good or bad, and is not connected to the share price in any way. I have said before that price is not always a very good indicator of what is happening, and I think that this situation shows that to be true. Mark

To: Anne Lamb who wrote (8872)	2/6/1998 11:55:00 AM
From: SER	Read Replies (1) \| Respond to of 20681

Anne, Might it be that they are looking for or have received investments from someone in South Africa?? SER

To: Anne Lamb who wrote (8872)	2/6/1998 12:31:00 PM
From: BGM	Respond to of 20681

Anne I am not attempting to comment in detail or distort IPM's status here. It was raised as a fear by another poster. It is, however, quite clear that there was a huge gap between expectations and results to date. It does not mean that results in the future will not be better, but it certainly does raise many more doubts. If Naxos' next release on results shows numbers like IPM's we would see a very similar situation develop here where support dries up and doubts far outweigh confidence. It is the fact that COC certified results have come in (atleast initially) in line with expectations that makes raising funds and continuing forward at this pace possible. There will be many ashes at Franklin Lake if COC certified results come in next at anything like .0????. I hope not. I also feel for and wish the best for anyone caught in the IPM down draft and still holding. BGM