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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Ed Huang who wrote (9034)	2/12/1998 1:26:00 AM
From: sh	Read Replies (1) of 20681

Gosh, I was going to post something about our recent self-proclaimed benevolent friend yesterday but decided against it. With all the attention we've given him (an obvious reflection of the existing frustration), we now have a brand new rumour mill for Naxos on SI, just what Naxos needs! To the more mundane. I get the feeling from today's posts that you guys are satisfied with how things are going at headquarters. Am I missing something? We apparently no longer have an important figure involved in management, without being informed of this. It's been about a month since we had the great results released and where are we? $5 a share and no additional results released even though we have had additional labs working on getting such results. No institutional or other major investors are on board. These elements bother me. I'm as patient as the next person but I also expect a company that by all accounts should have one of the greatest PM reserves to be in a much better condition than we currently are. Additional infusion of capital may get those labs not to be so smug about getting us results expeditiously (assuming their problem is more money for better quality and quantity of work). There has to be a reason why the big guns have not come in yet. Us little guys are full of confidence and have the utmost faith, hope and aspirations for this company. However, aren't you a little concerned we still have not been able to attract the bigger folks? To me that indicates something is wrong. And no, I'm not about to give up my investment in this company. I believe it is an exceptional investment. I simply feel the company has not advanced as well as it should have. I hope I am completely off base and the next few months show how dreadfully wrong I am. But if we are still at this level in a few months, the shareholders who are satisfied with the status quo should (IMHO) seriously reconsider their level of satisfaction. sh

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