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

To: Larry Brubaker who wrote (13016)	5/19/1998 4:11:00 AM
From: Kurt R.	Read Replies (1) \| Respond to of 20681

To All: Interesting price move we saw yesterday. Looks like Naxos continues to stick to the old pattern of dropping on good news. OTOH, those of you who have a copy of the offering memorandum dated May 30, 1997 may have noticed that a total of 380,000 options @ $3.00 expired on May 17, 1998. Looking forward to seeing the results from the remaining BD holes. Kurt

To: Larry Brubaker who wrote (13016)	5/19/1998 6:47:00 AM
From: Richard Mazzarella	Respond to of 20681

Larry, <<see the market caps. of the other dirts rise to meet Naxos>> I agree. What are any of these dirt's worth? Orders of magnitude more if they can economically mine their dirt. We have seen the shape of the Naxos charts many times before in other stocks, AKSEF comes to mind. My question is if yesterday represented some form of shareholder capitulation, or there are truly systemic problems at Naxos. Shareholder capitulation usually has a sharp reversal. The next couple of days will give us the clue. Stocks go up and down, short of belly up Naxos will be up again. Jay Taylor said so.