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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Random Walk who wrote (9043)2/12/1998 12:33:00 PM
From: mark silvers  Read Replies (3) of 20681
 
Don
Please don't interpret my questions as some sort of condemnation of your statements. I wouldn't even bother to ask the question if I didn't value your response.

I think the problems lie in the realm of perception. I dont think that credibility is hurt because of expectations. Released numbers are just raw data. The market can perceive them in any form or fashion, but the numbers are just what they are. Nothing more or nothing less.

The perception that the stock should be valued at $8-10 may be the problem. Should a company like Naxos in it's current situation be valued at anything more than $5? I'm not sure.

Now everyone knows that I am, and remain,a true believer in the Naxonian story. Realistically, at this point in time, Naxos is a stock with a great story, the foundation for a body of proof, and perhaps unlimited potential. I personally think that the potential may be realized relatively quickly(to a degree) but that is only my opinion and obviously the market is not going to take that into account. However, at this point in time, I think Naxos is fairly priced.

I think its the misperception that we should be trading higher that creates a lot of the frustrations and resulting lack of credibility for people. Once we start to expand the body of proof, our level of fair value should increase. JMHO

Mark
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