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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (9561)3/11/1998 9:18:00 AM
From: mark silvers  Read Replies (3) of 20681
 
Good Morning All,
I have to say that I am somewhat surprised to find two things upon my return. the first is obviously a severely deflated share price.(although I dont think that price is good indicator of progress in stocks such as this)

The other thing is the rampant fear that seems to be permeating this thread. Nothing has changed from where we stood previously. Nobody has revoked certification of prior numbers and we are waiting for new numbers. Every release that has been put out by Naxos since I have been an owner(over 3 years) has been late or delayed to various degrees. EVERY ONE! This is certaintly nothing new. FL remains as it was as does our march towards proof of an orebody. That is the single most important thing that is taking place within Naxos right now.

However, I do agree with Henry, and I do think there are problems. Rumor mongering is one problem. It sets up unreasonable expectations that can not be met. It does not do anyone any good, and does harm to people's mindsets and expectations.

The other problem is within the company itself. It appears that the five day turnaround story was complete hogwash. In retrospect, we should have seen that. No lab has been been able to do that even AFTER getting up the learning curve. It also appears that Naxos is in dire need of getting some experienced mining people on board. It is my opinion that the current crew can NOT get us to where we want to be without help. Given the news that Naxos has been able to release, We should be in a much stronger position than we are now. I would like to hear other people's feelings as well.

Mark
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