SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mark silvers who wrote (18761)4/27/1999 12:42:00 PM
From: Tom Frederick   of 20681
 
Mark, ***OT*** I think you have hit that one dead on. Who benefits from the application and use of the J/L process is a very big and important question. If Mr. Gardner is successful, we may never know and it won't matter. It would be legal suicide to fight Mr. Gardner if his process produces good results because anyone who fights for a change at that point must be doing it for reasons other than the good of the company. And if Mr. Gardner does NOT succeed, then J/L can have at it.

But as Henry has pointed out, there is no honor is knowingly running up a price on hype just to let those who want to get out, do so. And J/L had their shot at Naxos to accomplish that to the tune of several hundred thousand dollars of our money. So I don't know what would be different now or even a good reason why a return to J/L would even have the effect of a rising price. MGAU is stalled at $2.00 and that is WITH recovery numbers.

Hopefully we will have a much more clear picture of just where we are in just a few days and we can finally close this long and difficult chapter in the history of Naxos and, with the confidence of having a recovery process that works, move on to proving up just how big this property really is.

Good luck to us all.

Tom F.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News