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

To: soxan who wrote (18464)	4/6/1999 1:39:00 PM
From: Henry Volquardsen	Respond to of 20681

Soxan, the bid/offer at which Naxos trades should weigh into decision about playing a short term strategy. You need a big percentage move just to break even. Henry

To: soxan who wrote (18464)	4/6/1999 1:43:00 PM
From: mark silvers	Read Replies (2) \| Respond to of 20681

Soxan, Let me state upfront that I am not buying anymore shares. That said, whoever is selling going into the AGM(dissident or entrenched mgmt) will stop by the AGM. There is no more benefit to continue at that point. Also, by the time the AGM rolls around, there will be some anticipation regarding the demo plant(wether warranted or not) and that will fuel some buying. My guess is that we will see the upper .60's right after the AGM. Where we go from there will depend on the level of proof naxos is willing/able to show us. Mark