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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (11338)3/31/1998 12:10:00 PM
From: HalNeedham  Read Replies (2) of 20681
 
To:All

I have been a lurker for the past 12 months less 2 when I had no access to SI. I am long on Naxos and believe I believe I will be that way for quite a while. My E-mail etc. is listed with SI. I have been retired for 10 years.

This thread has given me a reasonably broad understanding of the NAXOS situation, perceived opportunities and risks, and some insite into the personalities that post regularly. Thank you all for these things.

My question involves something that I have obviously missed on this thread and is as follows: NAXOS has gold reports that are mostly in the .2 range. They are just now getting into an expanded drilling program, have yet to set up a pilot production plant which may be of dubious value when completed, are in the midst of a management shakeup and reorganization, and stock selling presently in the 4's.
MAXAM Gold, on the other hand has done considerable drilling, reporting gold in the .2++, has an apparently suitable pilot program ready to use, a stable management which seems to know what they are doing, a stock price that is less that $1, and a method they are happy with to recover the gold commercially. They are both DDs. Why the discrepancy in price???? What has NAXOS got going for it that makes it many times more valuable????

Hello to all.

Hal
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