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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: GOGI who wrote (5717)11/18/1997 6:14:00 PM
From: Ed Huang  Read Replies (1) of 20681
 
Hi GOGI, I'm no expert in mining and exploration bussiness.
I have learned things from your posts too. I don't have a
chance to get the first-hand materials from the companies
I invest to. I have to make quite a bit of guessing. I also
make mistakes in the process.

I know one thing is sure, scam is wide spread in gold mining
sector. One of the things I do to protect my money is to read
the info from the chairman, PRs between the lines if I find
they very promotional without solid facts to support their
claim or the "facts" they tell me have no way to verify,
I'll leave them alone. I have seen some company PRs would
bash on you even you express reasonable doubts about the
company. That's a sure sign for caution. If the company is
so good and the share price is so cheap, why should they care
a guy believe it or not? They can just tell their wife or
brother to buy instead of pushing you to buy. It's time to
wonder about their motives if this happens. I don't trust
people easily when it comes to investing. Obviousely, all
junior gold companies are highly speculative, some due to
pure scam, some due to genuine work failure, some due to
the combination of the two. Our investment money is in high
risk until all the key issues of the company we invest to are verified.

Just my 2 cents for the long post.

Ed
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