SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry Macklin who wrote (8752)2/1/1998 8:48:00 AM
From: BGM  Read Replies (1) of 20681
 
Larry
I agree that the price effect will not be that great (return to 8 and settle at 6.5-7.0). I do also feel that it should take a lot of the risk out of the stock at these levels assumuing the results show consistency through a hole and/or results out of another hole. This would provide a solid basis to proceed with the next steps of the verification.

It should give the long investors more peace of mind and patience to wait for 1)exercise of option 2 of JL process, 2)continuation with pilot plant setup, 3)proceeding with additional testing and drilling, 4)final resolution in Canada, 5)further proof of JL process, 6)additional funds for option 3 of JL process, 7)electronic trading in US.

I think it takes much of the gamble out to the downside on this stock. If there is that much there through an entire hole and/or in many holes then somehow this will proceed for as long a time as is necessary to bring it to fruition.

BGM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News