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: Wayland who wrote (10124)3/14/1998 11:08:00 PM
From: jlallen  Read Replies (1) of 20681
 
Wayland: I'll try to answer your post as best I can.

1. Why did the stock drop? Believe it or not some people were not happy with the numbers last week. I think JJ's departure was good for a number of reasons and I congratulate him on the decision. I think that some people do not appreciate what the numbers mean and since they were different from the last set, they bailed out. Could also be that the rumor about a large shareholder who became impatient and sold out after the news is true. I think that in any company's development when a crossroad is reached as Naxos reached one last week, we are bound to lost some riders. I'm not sure we'll ever know why. I feel its a temporary situation.

2. Will Dr. Johnson continue to work with the company after JJ's departure? I think from his perspective he's got a strong incentive to keep working with Naxos. His procedure has not seemed to be 100% debugged yet given the variance in the last set of numbers. Based upon what I've heard from the company, I think he will. We can't be certain. The situation is still fluid at this point and we are in a transition. Just keep in mind that if that last set of numbers is the worst case scenario, the assay still indicates a commercial grade deposit as I understand it.

Hang in there. I suspect we might start to see progress accelerate. Just my hunch. JLA

PS. Anybody disagree with my analysis (or have a more educated guess as to why the price dropped on good news)?
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