Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: citydi who wrote (10725)	3/20/1998 5:21:00 PM
From: jlallen	Read Replies (1) of 20681

Citydi: I second Henry's remarks. But I also believe that it will take some time for the market to become educated and begin to appreciate the situation. Also, remember we've just had an unsettling change in management, we need to quantify the size of the reserves and show economic recovery. While I do think the shares are undervalued, it takes a while to develop and assimilate the information along the way. Factor in the Bre-X hangover and you've gone a long way to explaining the fact that the shares don't seem to appreciate on good news. I still believe we won't see a significant appreciation until the pilot plant is recovering PMs or we find a reputable financial partner. The good news is I think we are starting to see the light at the end of the tunnel (and I'm reasonably sure its not an oncoming locomotive.) JLA

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