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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: cp who wrote (4238)	9/27/1997 9:05:00 AM
From: RRG	of 20681

Many thanks for your insightful reply. I don't think we disagree. I bought into Naxos when it was more hype than fact---and from "then" to "now" has seen the company go through an amazing transformation. I will always remember a past posting that said, and I am paraphrasing, gee, maybe Naxos was a scam that went wrong----they actually began to find out they had something!!! Well, I don't ascribe to that view ---but I believe there was a time when the "hype" was more important simply because it kept the company alive. Let's hope that JJ is just as brilliant in proving the hard values of Franklin Lake as he has been in raising money. And I don't mean to demean Fred Arkoosh's role---without him I don't think any of this would be happening. Have a good week-end. Bob Goldstein

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