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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Millracer who wrote (4280)9/30/1997 8:34:00 PM
From: kenneth w. calligar   of 20681
 
to all: I have monitored this thread for a very long time and have made many phone calls to the company and other investors. While i am ,of course, not sure how this plays out, i am feeling a strong but quiet confidenc among my contacts.
Question: would management take significant p.p. money from a significant investor without a high degree of confidence re assays and recoveries? Would a very well informed investor approach naxos without an edge of some kind? Would negotiations tying naxos to a proprietary methodology be taking place if either party had any degree of doubt re the other , the method, the contents of the playa? As Macaulay Culkin said "I DON'T THINK SO". IMHO, we are positioned for a cascade effect in which any good news will lead to greater confidence , higher prices, analyst coverage, industry partnering interest, and so on in a continual, accelerating loop. The lack of news from the co. should buoy us. Remember when your efforts are closing in on success, there is always much more to do to dot the i's crossthe t's, etc. I got involved in this stock 2-3 years ago because although highly improbable it offered the greatest risk/reward ratio i hade seen in 15 years of investing-- today, given the recent fundamental strides naxos has made, it is an even better ratio. we are all very lucky that the stock is still at a price where one can buy size.
I think that bit of luck is going to soon change. best to you all and thanks for all the unrequited info in the past.
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