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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: mark silvers who wrote (11168)3/27/1998 11:20:00 PM
From: jlallen  Read Replies (2) of 20681
 
Mark: As one who has been critical of management in general and Mr. Kemp in particular, I think we have to give him credit for the past couple of weeks which have been very positive (IMO) for the company. I do have some suggestions however. First, I think the company should clarify the testing protocols in the next release to reassure the market that they are in fact performing SFAs. Second, the company should specify (maybe have BD join) the reason why BD is no longer in the service of Naxos. It may be as simple as dollars and cents. For example, I believe the company paid somewhere in the neighborhood of $250,000.00 for the drilling of five holes by BD. My own due diligence tells me Naxos should be able to improve on those costs while still using a reputable firm (if such a thing exists in the mining industry). Third, the company should emphasize Mr. Norton's role in the ongoing process and his qualifications. For instance, is he participating in the selection of the new CEO? Some people have wondered on this thread and the marketplace why no mining people are on the advisory committee. If Norton is involved, it might assuage some of those concerns. Just my random thoughts while babysitting on Friday night. Another exciting Friday night!!! JLA
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