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


To: RRG who wrote (11863)4/15/1998 8:28:00 PM
From: ShoppinTheNet  Respond to of 20681
 
BOB you state "So Scott, how do you propose that the company acquire the cash it needs? IMHO, we certainly are not bankable at this stage of development. What do you suggest?"

A Simon and Garfunkel song comes to mind here. Lets see how did it go! They say that Richard Corey owns half of this old town, With his political connections ...... It may be possible that our poster is related to Richard and Richard would care to give Naxos a loan.

In my report (currently selling for $99.95 (thanks to Henry for pointing out my low price mistake), I spell out in detail why Naxos is not purposely dropping the stock price so they can further dilute their holdings.

I believe that the current price is a factor of loyal shareholder discontent over, the release of lower numbers and the uncertainty of management change. The release of the lower numbers as pointed out by a fellow poster (Sorry I forgot who) has caused loyal holders
to find opportunities in the quickly raising market offering better risk reward scenarios. Tine is now weighting on Naxos, as time is money and many now feel that another year is in order. Clearly they must be saying that they can get out now and back in a year from now at the same price. If this is so are these people right? who knows ? I am still holding myself and you should to.