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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Whomerun who wrote (8061)	1/13/1998 6:42:00 PM
From: Henry Volquardsen	Read Replies (4) of 20681

Does anyone have a clue what its going to take to get this stock moving towards its high? time and patience. As I posted earlier this is a very, very narrowly followed stock. I wouldn't be surprised if the posters on this thread represent a good size representation of the shareholders. We have all been so focused on this for so long and have gotten ourselves pretty close to fully invested. There is probably very little new buying power left among the investors who already own this stock. The key will be educating new investors, especially institutional investors. Now that we really have something real to point to Investor Relations can start educating new potential shareholders. But this is going to take time. Most of these investors have no idea who or what Naxos is so had no reason to be looking for the numbers. This will change over the coming weeks as the news gets out. Add to that additional numbers from other labs and the production assay and the story will build and spread. But it takes time. I'll tell you aboutfew conversations I had today. All went essentially the same. These guys are long time participants in the gold markets with very prestigous firms, very recognizable. I work with all these guys. I opened with the question "do you know Ledoux?" Response sure I do. I ask "are they reputable?" Answer of course, they are very good and have an excellent reputation. I asked "what would you say if I told they just certified assay results that showed opt in the 1 to 3 range?" All laughed and said essentially the same thing " Ledoux will just assay whatever you give them. Bre-X was certified." also said "those numbers are off the board." So I asked "do you think the material was saltd?" Answer, yes. I then asked "what would you say if I told you the certified assays were done on material provided under chain of custody by Behre Dohlber who did all the driling and preperation of the material?" At this point all of them were speechless and their eyes got as big as saucers. They took down the name of the stock and said they would look into it. But none of them bought today as they will continue to do there own investigation. The importance of this story is to show that this is a story that on casual viewing many will find difficult to believe. It will take time for people to get comfortable with the story and get prepped to buy. As we get a higher profile this is going to become even more difficult to trade. Once the entrenched mining interests feel threatened we are going to get all sorts of rumours, snide comments and attacks comparing us to Bre-X. There will be a lot of people with a lot to lose and they won't go quietly. The company has been doing the right thing in lining up the numbers before raising the profile. But get ready, it will be wild. These people will make HungryLion seem like a pussycat. Henry

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