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

To: Larry Macklin who wrote (9639)	3/11/1998 8:06:00 PM
From: Richard Mazzarella	Respond to of 20681

Larry, all the talk about buys not going through means nothing. Walk it through: Someone dumps all their stock "at the market". The MM partial fills the posted bid block size. Then he drops the bid to $1.5 to fill the rest. He then raises the bid to $3 5/8 to work potential sells at the ask. No more buys or sells occur. IT COULD HAVE GONE LIKE THAT if it isn't a posting error. I still suspect a posting error because someone dumping a large number of shares at the end of the day suggests panic for some reason. I'll let others speculate on reasons for panic.

To: Larry Macklin who wrote (9639)	3/11/1998 9:42:00 PM
From: Max Haber	Respond to of 20681

Make that seven. I had a buy limit at $3 15/16 that didn't get filled. The order was placed at about 11:00 EST. Day order, nothing done. It's still the numbers,only the numbers. IMO show me the results and I'll compare them to other profitable mines. If Naxos has ore their grades or better then we have something that will attract the attention from the type of investors that have been pushing this market to new highs day after day. Institutions. More COC numbers from big well known labs, that the mining community respects will be the key. Max