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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Scott Corey who wrote (11813)4/15/1998 8:16:00 AM
From: mark silvers  Read Replies (1) of 20681
 
Why does everyone assume that we are being set up for a new PP? If so, it's the first I have heard of it.
Also, while I have no doubt that insiders have made out very well on the prior PPs and it has worked to their advantage, Try to find one Jr mining/exploration firm that hasnt had severe dilution. There aren't many. Cash flow is the life blood of these types of firms, and PPs/ warrants, etc., are how they traditionally get done.
In regards to the prior testing, it is true that Naxos has tested large parts of the playa in the past. While those tests are fine to use as a potential indicator for future test results, that is about all they can be used for. If the market was willing to give any credence to those non-COC tests, we wouldnt have to be jumping through the hoops that we are now trying to jump through. We also wouldnt be sitting at $3.50 per share. JMHO,

Mark
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