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

To: Henry Volquardsen who wrote (11312)	3/31/1998 7:51:00 AM
From: Max Haber	Respond to of 20681

Being 51% convinced electronic trading is at hand. The decrease in supply and huge increase in demand should be dramatic. Yes, I did say decrease in supply. By that I mean that the supply of shares normally available for sale should decrease substantially with a listing. Naxos shares are in very strong hands. With real time quotes it will make current shareholders more convinced that Naxos is on course and take shares slated for sale off the table. If we didn't sell after the halt was listed I'm not selling now. On the other hand electronic trading will greatly increase the visibility on Naxos shares. 30,000, 40,000 50,000 share trading days should quickly become a thing of the past. Besides allowing the stock to be (now) purchased by individual and institutions alike, traders should realize the opportunity and keep things exciting. I've been watching gold stocks and gold funds make very good percentage moves since gold broke above $300. It shouldn't take that much to get this stock rolling. Imagine a group/fund/indiviual trying to accumulate ONLY 100,000 shares. 3 days of trading volume. 500,000 shares and things will really get exciting. News should be carried by more services and research reports will most likely be forthcoming. Hats off to Mr. David Snow for being the only analyst to follow Naxos. Someone has to take a stand, do the research. Mr. Snow was first. Most appreciation in gold stocks (in my view) comes from new finds of reserves. In the current environment they have to be proven time and time again by third party COC labs, which is just fine by me. We need a continued flow of assays. The drilling program and pilot plant need to stay on track. Henry, how long does a stock have to trade over $5 to get listed on the NMS or on the NASDAQ small caps? Waiting for Wednesday. Max