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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Jones who wrote (4197)9/23/1997 2:30:00 PM
From: Tom Frederick   of 20681
 
Mr. Jones, it just may be that looking for great exposure to a large investing audience is far less important to the success of Naxos than getting focused exposure to the right people. If you think about what Naxos is, a junior PM exploration company, they are much more inclined to be working on finding the right people, the right partners who will take Naxos to the next step of being a full scale mining operation. Once large industry savvy entities get on board, THAT will drive the price. Not hyped up newsletters. It is these other parties who will work to get the exposure and drive the price for the long term.

It is a frustating thing as a shareholder to see Naxos write releases that seem like preaching to the choir, but Naxos represents a whole new direction for worldwide mining of PM's. You would never get the volume of everyday investors to understand this story well enough to take the place of even a handfull of institutional investors. Think about this thread. How many here KNOW the whole story and know it well and are still not wholly convinced.

That is why, I believe anyway, Naxos HAS spent time bringing out key industry people to the site. That is why Naxos HAS gotten the attention of people like Barry Downs of Legg Mason for example.
(remember his investor base alone represents several $billion in investing clout) Naxos seems to have a MUCH bigger picture in mind than the average shareholder. And its picture will likely develop into key partnerships, not small investors buying up handfulls of shares all over the country who saw the story on CNBC.

Just my opinion.

The other Tom
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