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

To: Carlo who wrote (16551)	10/7/1998 11:10:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Carlo I had heard that FL was going to get 2 million in cash, which would be enough to fund research for several years. Without that 2 million and this deal, there will be no new properties, and In my estimation, FL will go bankrupt. I see that deal as a matter of survival. However, My guess is that it wont happen, FL and Naxos will sputter along for roughly one year(during which J/L will still be claiming to be very close to having the process down)and will eventually close its doors. Mark