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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Tom Frederick who wrote (10788)	3/22/1998 3:35:00 PM
From: ShoppinTheNet	Read Replies (1) of 20681

Tom, I do not know if I fit into your naysayer group or not. I an long Naxos and have been for some time. I also influence many others who hold positions in this stock. What I may suggest to you is the possibility of a third group of threaders, known as used to be passive investors who now say time to put up the results and end the excuses. I am now in that group. I may be a group of one! Please excuse me if being a member of this group offends anyone. With that said I would answer your questions as follows: The most recent testing from Ledoux and CMRI is believable. T or F I do not believe that Naxos has provided enough information in a clear concise manner to allow any objective person to categorically answer this question. If you are completely sold on this issue please detail how we can see such discrepancies in numbers. Clear up this issue for me and I will state true Naxos is orchestrating the most complex gold scam in history T or F False. But then any thing can happen. The FL property, even if testing continues to show positive results, it just not to be believed or invested in because ____________ ? Many potential investors have to be saying stay away until current mgnt shows a clear plan to bring this project to a close within a reasonable time line. Many have called this stock an option. Anyone who has ever bought or sold an options contract knows that time is money. Even with top names in mining on board, Naxos still is highly questionable because ________________. No recovery process is proven to the investment public by Naxos at this time. Naxos mgnt has shown no desire to commit to any time line for any thing they do. no matter what your issues have been with management, if the ore is there, someone will want it. In fact if that much ore is there, almost EVERYONE will want it. This may be true. What you have to ask yourself is if it is true how will they get it? They can buy into Naxos now, or wait till Naxos fails and get it for a song. I believe strongly that Naxos is at a point were any shareholder who believes with 100% blind faith that given enough time and money Naxos will survive, is using rose colored glasses and they should take them off and press hard to your mgnt team. Make them perform. Do not sit back and say status qou is OK. Ask hard questions and expect true honest answers. I hope that I have done well in the elucidation of my position!

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