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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Kim W. Brasington who wrote (19537)7/23/1999 10:28:00 PM
From: Jan A. Van Hummel  Read Replies (2) of 20681
 
Kim,

I do appreciate your ongoing efforts to keep us abreast of the
developments at Naxos.

Certainly the article on the good Father was informative.

While Naxos is technically bankrupt, I do applaud the efforts
by management to bring about change.

Most of the shareholders have written down their stake to zero, so
the very fact that management is leaving no stone unturned to bring about change
based on indications that there is value to be uncovered, can only but
encourage all of us.

After reading the article on the good Father I am more puzzled than before
wondering what he really was trying to accomplish. I would think
that his time would be better spent ministering his flock, but that is just my
personal opinion.

On the Lithium (I am too lazy to check it out), what is the present value of
what was determined in 1980?

The math ought to be simple, namely pounds of lithium (or LiO2)
times the current price.

Anyhow, thanks for staying with it.

Jan
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