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

To: ShoppinTheNet who wrote (9506)	3/9/1998 10:25:00 PM
From: Jan A. Van Hummel	Read Replies (1) \| Respond to of 20681

The last news release was on Feb. 5. At that time the company's cash position was $2.1 million. Between the cost of the pilot plant and operating expenses there will be soon a need to improve the cash-flow. Its MHO that a PP is in the making and that it will be done at near current levels. It is unlikely that results will be announced before a PP. At best it will be announced concurrently but in actuality the PP would have preceded the results. I sincerely hope management wishes to prove me wrong, but I doubt they will even try. Further, I would also appreciate if the company would update its website and include the financial results for the fourth quarter 1997 and fiscal 1997 (ending October 31, 1997) as well as the first quarter 1998 (ending January 31, 1998). These are noticeably (but should not be) absent. I'll think of some more stuff to get off my chest, but I like to see some proactive action by management that shows some more consideration for all its shareholders. JMHO Jan