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


To: jlallen who wrote (11749)4/13/1998 4:54:00 PM
From: Keith Rowland  Read Replies (1) | Respond to of 20681
 
What about the burn rate at Naxos? Four labs, J/L research,
significant drill program, SA analysis, hiring of additional mining
personnel, and pilot plant startup will require a major financing.

Combine this with a continual erosion of the stock price and the
result is serious stock dilution on the horizon.

Keith Rowland