Kim: Please allow me to follow up on a statement you made in your previous post to Eric:
<Ledoux has not finished assessing and analyzing the process, therefore the lack of certification>
Judging from the wording in the 8-29-97 news release, the impression I had is that the sole purpose of testing at Ledoux is to prove the existence of gold and PGM under full chain of custody - not more and not less. For quite a while, I was under the impression that Naxos followed a well worked out strategy, namely to:
a.) first obtain certified coc numbers,
b.) close the pending financial deal and secure substantial backing
c.) trade electronically,
d.) complete the 5tpd pilot plant.
Quite obviously, the first step would be the most crucial one, as it is the foundation for all the other steps to follow. Has this step-by-step approach changed? I may sound like I am nit-picking, but this delay at Ledoux is of some concern not only to myself, but also to the market in general, if the share price is any indicator at all. I would appreciate it if you could clarify what the scope and estimated time frame of this "assessing and analyzing" at Ledoux is. Also, is Naxos currently withholding information that share holders should know about?
Thank you.
Kurt |
