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

To: citydi who wrote (10725)	3/20/1998 3:38:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Citydi, Nice to see you again. I am concerned about the stocks current price decline as well. But this is still a thinly traded stock with a narrow following. I trade many such stocks and they can go both up and down for long times with little connection with announced developments. I have found the only way to deal with such stocks is to continue to do your due diligence regarding the fundamentals, don't get over committed (proper diversification regardless of how bullish you are) and stay focused on the long term. I know these are tough to do. I would certainly wish the stock were stronger right now but thin stocks have their own rhythms (just like fat bond traders) and the best thing to do is stay calm and continue to do your research. I hope this makes sense and/or helps. Henry

To: citydi who wrote (10725)	3/20/1998 3:40:00 PM
From: knight	Read Replies (1) \| Respond to of 20681

Citydi, I may get blasted for this response also ;-)). If it wasn't for the support of long time Naxos holders, the share price would be even lower (running and ducking for cover). Seriously, Naxos disappointed the general market by not living up to the big numbers released last Fall. We have seen J/L come out with some decent cash for their efforts. Cash which could have been utilized much more productively IMO. Now Naxos has to do some damage control to regain the markets confidence. Just MHO.

To: citydi who wrote (10725)	3/20/1998 5:21:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

Citydi: I second Henry's remarks. But I also believe that it will take some time for the market to become educated and begin to appreciate the situation. Also, remember we've just had an unsettling change in management, we need to quantify the size of the reserves and show economic recovery. While I do think the shares are undervalued, it takes a while to develop and assimilate the information along the way. Factor in the Bre-X hangover and you've gone a long way to explaining the fact that the shares don't seem to appreciate on good news. I still believe we won't see a significant appreciation until the pilot plant is recovering PMs or we find a reputable financial partner. The good news is I think we are starting to see the light at the end of the tunnel (and I'm reasonably sure its not an oncoming locomotive.) JLA