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: RRG who wrote (3797)9/3/1997 8:10:00 PM
From: Cascade Berry   of 20681
 
No Cascade is not a short seller. Cascade's real name is Chris Hvid - a mild mannered B.C. government civil servant who lives in Victoria, B.C. His broker used to be Odlum Brown and T.B. Read. He had a broker named Chet who used to hang around a lot with Mr. Jimmy John who hyped a stock named Plaza back in the 80's. Cascade (me) was a latecomer to the Bre-x story who played the dead cat bounce for a 100 dollar loss, incurring the wrath of the Bre-x hypesters when I changed my mind with 5 minutes of trading left in it. Plaza was a scam - it listed at 4.00 dollars and went to zero within about one month - it supposedly had high grade and a mill near Stewart, B.C. Jimmy John was a principal. And yes I am bitter. Maybe Naxos is good - knowing the history of another Jimmy John venture, I very much doubt it. I still see Jimmy John here in Victoria in my brokers office. I really wonder why he hangs around all these brokerage offices for the last 15 years. Am I a bad investor - I suggest not - I put most of my RRSP into Ballard - the fuel cell maker at 7.00 on the I.P.O. I am still holding now - it hit 49.00 yesterday. My submission was only a warning that at least one of the principals of Naxos has a dubious history. I submit that Farallon is a better story than Naxos - excellent resources in the ground and a high likelihood of a favourable settlement on some legal questions that have driven it down lower than it should be. I simply came on the Naxos thread while browsing SI and was shocked to learn that Jimmy John was involved. Again - be careful with this once - I have doubts.

The interest that my original post provoked is ample evidence that those on this thread are nervous holders - and that there is a groupthink process at work - just like there was on the Bre-x thread - where doubters are ridiculed until it is too late.

Cheers to all, and best wishes. I'm avoiding this thread from now - it reminds me too much of Bre-x - large claims with "patented" recovery methodology - not cool
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News