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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Al C who wrote (15000)	7/29/1998 4:55:00 PM
From: Herman	of 20681

Johnson could probably get the pilot plant up and running within a month. Its time to write off Sid Kemp. Does the new board know what is happening or are the new board members in the dark also ? The new board has some good size shareholders, its time they take a pro-active role and save the pilot plant equipment. According to the company the Brian Russell report is due out within a week to 10 days . Let the report speak for itself. If it is positve-then sign up Al Johnson and Brian Russell. If Sid and his public relations team don't like it they can leave. Herman

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