To all those skeptics out there critical of Naxos management. Management has to make decisions based on knowledge, facts, circumstances and gut to name a few things. Most "management teams" have to worry about today, tomorrow, customers, stockholders, employees, receivables, payables and so on. I have owned my own business. I have worked in high tech for years. I have consulted for Fortune 100 corporations. In my entire career I haven't been in one job where you couldn't find an opportunity to criticize, question, blame the "management".
All of my "management" experiences have taught me that you can never do everything and you cannot please everyone. There is what we call the 80% rule. You can try to do 80% of everything and finish nothing. You can do 80% of what has to be done and finish some things. For instance, how many of us have worked on product releases? I have never seen a product launch on time. No matter how many people you put on the project, for some reason it is always late. Some people call this Murphy's Law, something always goes wrong and delays the project! I'm sure that there's a lot going on that we're not aware of.
If you've never run a major multi-national corporation, never mind a mining company, then you can only speculate on management decisions. I have been put in business situations to run large operations with no prior knowledge of that business and achieved more than anyone expected of me BECAUSE I was not influenced by what was done in the past. I was able to "think out of the BOX." It takes time. I would rather have JJ and Naxos do 80% of the things that need to be done, than have it all fall apart because they rushed or tried to do everything and please everyone.
For those of us who have been into Naxos for years, JJ has doubled, tripled your money. You (I) could have gotten out by now, and by any investor's standard made good money (if not more). JJ got us back on an Exchange and seems to be getting people to invest in the company, and to do the DD on FL. How many labs, how many holes, how many samples are being collected as we speak? Has anyone tried to get a permit to drill for a mine in California? Nevada? You don't just walk into the local general store and say "can I have one of those drilling permits please". I think we need to give JJ and Naxos the time it takes to give us even greater returns.
I have been long on Naxos, and over the last few weeks I have more than doubled my investment because IMHO what we have been through in the last several years has shown me this Junior Mining company has the B*lls and the brains to survive.
We as stockholders are lucky that we have a forum where we can talk about what we would do, like, and suggest and have management and other shareholders listen to us.
Yes we are stockholders. We are not drillers, miners, testing labs, management...
To all I wish us luck. To JJ and his team I wish you "god speed"
"May the numbers be with you"
SER |
