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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: dirty deeds done dirt ch who wrote (20292)5/5/2000 8:32:00 AM
From: Tom Frederick  Read Replies (1) of 20681
 
Mr. DDDDC, What some hope is that with Bob Gardner still involved, the current testing being done by at least two labs will be reported if and only if there is a high level of confidence that results are repeatable and reliable. The fact that we have a few labs working on the ore and we have NOT seen results seems to support that position.

Also, the brine work is very basic, not exciting and sexy at all, but it could lead to a contract for extraction IF there is at least one base metal or rare earth in quantities enough to extract profitably.

Ultimately, FL ore will reveal what it wants to reveal to Naxos. Regardless of the sincerity and tanacity of Naxos management. And that could mean the precious metals are finally exposed and/ore the brine produces great resources...or not.

I am still very curious about the short burst of high volume within a very small number of trades yesterday. Let's hope we see a repeat today but with a steadily rising price and a press release. With two labs working on PM's, there could be news any time. However, after all the sorted history of Naxos, I much prefer public news to move the price, not inside information.

Tom F.
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