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

To: soxan who wrote (11825)	4/15/1998 10:34:00 AM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 20681

Soxan, Agreed we still have $2mm in the bank with some more cash likely coming in from warrant exercise so a private placement is not needed at moment. However you are better off raising cash when you don't need it yet. But this is still probably too soon. Whenever the Alberta issue is resolved the company will be able to apply for a better listing. That will probably have some salutary impact on the share price but will be very minor to the impact more results would have. Henry