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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: sh who wrote (11213)3/28/1998 10:51:00 PM
From: SER  Read Replies (1) of 20681
 
To SH,

I would assume that any lawyer/firm would resign if illegal activity was requested of them. And such action would in itself bring about change.

To ALL,

IMHO this legal team was put in place because of divisions between major shareholders. From an outsider and a business person I can only assume, with the action that did take place, that Naxos has/had some major problems between management/stockholders.

When people get headstrong, the "I know better and have the power" syndrome, their circle of advisors becomes smaller and smaller. Sometimes the king gets drunk on his own greatness and trust in a few "yes" advisories who can do no wrong but do everything wrong.

When someone suggest to the king that he is wrong, the king will usually confer with people who will "yes" the king and that nay-sawyer is removed from the advisory circle. I once had to tell the King who ruled for 8 record years, that he had no clothes on. I told him that because of his disregard for reality his company was imploding and he was going to be removed from his thrown. He dismissed me from his office and summoned his "yes" people, they told him that I was full of *hit. Three weeks later they where all gone.

In a company like Naxos when you don't have much money, experience and time a team approach is the best. IMHO that is why we have this advisory board. One person can not help us. One group of advisors can.

This company needs a management team with experience, honesty and integrity in business as well as in mining. The new management search, COC-SFA is a great first step. Getting a major investor on board is the next step. Getting gold out of FL is the third. If the JL process works then that would be the fourth.

IMO the company has put to much emphasis on the JL method in the past.

I love SFA it works for everyone else and it can work for us. JL can be an added benefit after we start getting gold out of FL and not before.

Let's start digging and mining and stop experimenting.

Let's GO FOR THE GOLD!
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