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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: GlobalMarine who wrote (5622)	11/16/1997 10:31:00 PM
From: mark silvers	Read Replies (6) of 20681

Rand First and foremost, welcome to the thread, your intelligent posts are certaintly welcome. Everyone keep one thing in mind,In all liklihood Jay Taylor knows less about what is going on at Naxos than any of us do. Jay Taylor has stated in print that he won't talk to Naxos management. He still holds a grudge(much like a petulant child) because he couldn't get his way at a roadshow involving Naxos over a year ago. At the beginning of this year, there was another roadshow of all the dirts. Jay went to visit all the other dirts except Naxos. He still held a grudge. IMO he did himself a disservice. He ABSOLUTELY did his sbuscribers a huge disservice by letting his ego and emotions get in the way of finding out what was going on at Naxos. He has no clue. Jay has staked his reputation and much of his career on the coattails of IPM. I am sure that this latest news release of IPM's has caused Jay some of his stomach lining. Unfortunately he is trying to make the best of a bad situation by leading with his chin. Jay's comments have made little sense of late. Last week he called the company that he is paid to consult for(Chip) a paper play. Jay's ignorance of the facts of what is going on at Naxos show. He lauds IPM's management and denigrates the management of Naxos. IPM management has bungled every decision, every step of the way. Naxos management has outclassed that of IPM over the last year by a large degree.(I will debate that point with anybody who cares to) Jay calls Jimmy a stock promoter. IPM is the most hyped of the dirts by a wide margin.Their management claimed to have no degradation of results in a bulk scaleup six months ago.They claimed to be getting consistent recovery results of .25 opt. Six months later they are showing assays of .03. with no mention of recovery. If it was that consistent, believe me it would be mentioned. IPM management proudly crowed that "the chickens would be coming home to roost " back in the spring, and has missed every deadline since. Compare that to Jimmy. Has anyone seen a public statement from this man? Who has he been hyping to? His mom? Jay's other point is that Bloomberg newswriter Loren Steffy has written positive articles about Naxos and simultaneously slammed IPM. Given the accomplishments of the two organizations over the past year, who's to say that he(Steffy) is wrong? Jay Taylor is clearly trying to save a career that may be in jeapordy. I feel sorry for him, but in my opinion he is digging a much deeper hole for himself. Mark Silvers

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