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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: sh who wrote (16638)10/9/1998 4:10:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
sh, Monday morning quarterbacking is the easy part. What I was pointing out is if you had one of the premier labs in the world tell you in affect that all your problems were over, why would you spend money on something that was still unreliable at best?

I agree wholeheartedly, in retrospect, that it would have been a much smarter thing to keep both going. And I have even posted to that effect before. The point is, I believe that in the situation Sid did what he thought made the most sense and offered the highest opportunity for success...which was SFA results from a world class referee lab.

Having said that, as Neal has pointed out in the past, there is that much more weight that falls on the test results of Ledoux because not only did Naxos shareholders make buying and selling decisions based on their data, but Naxos management made strategic business decisions based on those same results.

Tom F.
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