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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Graystone who wrote (6966)12/17/1997 2:43:00 AM
From: Graystone  Read Replies (2) of 20681
 
Civility
or
Pass the salt please, I have a cut.

Well lett me see, they just announced a quadrupling of gold numbers and the price is going down, likley the price is reflecting the cost of hedging future production.

I am not a skeptic about this company, I am all too aware of who they are. It doesn't take a genius to find a pile of manure. This is a straightforward steal, scam, ripoff. The $85,000,000 million dollars is a travesty.

Why do I worry about White, his connection to Johnson ad the resulting jail sentences they should be facing, I don't, it's your money. This is pure shinola. The whole thing is so patently obvious I amazed that the simplest of you can't spot it. Not only that, this company is diversifying and actually has gold to use as salt. This could result in some more spectacular results, heheheh. That could put a real spark plug in this play.

It is really so simple, if you believe any of the NAXOF reporting you KNOW they are stealing your money.

From a DELGF Release.
"It would appear that the gold which has been reported by EII, has been introduced into the samples at some point between the time that the sample splits were taken at the site, and the time that the samples were assayed or leached."
The Consulting Engineers in the Consultants' Report also raised concerns with respect to the procedures employed and the work performed by Mr. Merwin White's laboratory ("White Technology"), on the basis of whose work the Company had relied in part in releasing the assay results of Drill Holes 1 to 3 on the Nevada Project."

Taken from this URL
businessexchange.com
MANAGEMENT
Jim Cockrell-Univ. of Oklahoma-Geologist - 30 years experience
Merwin White-Univ of Utah-Metal. Chemist 30 years experience
Austin Lett-US Naval Academy-U of Mich. MBA-Finance-3 yrs.

White, Lett, Johnson

Need I remind you, I think it is obvious.
Ask yourself.
If the company is so sure that they have the largest gold deposit in the world, what are they doing wasting your money in Venezuela, why do they need "real gold" right now ?

How much of this do you people need before you stop talking about the effect this all going to have on the world GOLD markets. Anyone long this stock should be slapped in the head with a frozen fish, wake up. Demand to know the answers. Sell these shysters down the road.
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