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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Lawrence Brierley who wrote (19499)7/18/1999 5:11:00 PM
From: Larry Macklin  Read Replies (1) of 20681
 
Mr. Brierley,

You make some valid points however naxos has one major problem that i do not see a way out of. There is no one associated with this company that can actually get the job done. This includes current management and the current board. It also includes you and the Father Gregory group. None of you truely know enough about mining, desert dirts, or runing a company to take Naxos from where it is at to a point of success. None of you know how to evaluate any of the processes that have been put in front of naxos in the past or will be presented to Naxos in the future. Therefore, we are all basicly screwed!!!

It is because of this that i now advocate giving control of the company to Father Gregory IF he can raise significant funds to keep the company going. It is obvious that he has no idea what he is doing and that his methods and motives are questionable but maybe if he can put cash into the company we might get very lucky and stumble onto something out of dumb luck.

The current management team doesn't have any resources left to study any available plans. I don't really buy into the lithium stuff but even if i thought it had merit i don't see how naxos could properly pursue lithium without a bunch of cash.

Naxos needs cash. If father gregory can raise the cash then we should give him control of the company and hope for a miracle..by hook or by crook.

Larry Macklin
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