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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Paul Salber who wrote (11554)	4/9/1998 8:50:00 AM
From: Paul Salber	Read Replies (1) of 20681

Folks, I appreciate hearing news... any news about Naxos, but yesterday afternoon's release was not news. It was essentially a re-release of old news... perhaps recycled news. I know nothing of what is going on at Naxos and I also know nothing of the new management folks. I do know, however, that we heard 4 labs were involved in testing when the "old" management was in. I've yet to see more info on where we now stand. The new drill program is great and I am anxious to see how things go.. BUT .. to what do I attribute the fact that we still have no assays on any samples from holes 1 - 3 ?? (To anyone at the company who may see this, is there any explanation ?) I hold stock in Naxos and believe I will (as will all of us) be happy with our investment in the company. But given the assay results that have been obtained, I can't imagine why the stock price is sooooo loooooow. The only way to prove Naxos is a credible mining concern is to prove up more (I prefer this to be done quickly) reserves with many other labs and gain support from a major investment group. Assays of the COC Material from holes 1 - 3 could provide an excellent way to expedite this process... Your comments are welcome.... Paul

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