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

To: Wayland who wrote (10132)	3/15/1998 12:52:00 AM
From: sh	Respond to of 20681

Wayland, as far as I recall the timing of the releases, JJ's departure was announced first and then the test results. Also as far as I recall, the price began to drop after the second release. Does that answer the question as to why the drop in price? Who knows. sh

To: Wayland who wrote (10132)	3/15/1998 10:18:00 AM
From: jlallen	Respond to of 20681

Wayland: Anyone who was not heartened by JJ's resignation doesn't know much about this company. This was a necessary step in the evolution of the company. It happened later than I would have liked but it happened nevertheless. Sure, it probably would have been better to have a replacement player ready to suit up but how do you conduct such negotiations with the current exec. in place and maybe reluctant to go? IMO, it was a number of factors including people who don't know what the numbers mean selling out. Remember, the stock is very volatile and thinly traded, one good sized position being sold can really cause the price to plummet. JLA