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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: ShoppinTheNet who wrote (12398)	4/28/1998 9:24:00 PM
From: sh	Read Replies (1) of 20681

SK, Very well said. I really get annoyed when people who used to tell us (or at the very least, strongly suggest) that the stock is way undervalued, are now telling us it is properly valued (if not undervalued) at these lower levels. The least I would expect is some explanation of the change of opinion here. Although I've seen some attempted explanations, such as the lower assay results (btw, have the prior exceptional results been completely disregarded? unless Johnson was a fraud and Ledoux was involved in his fraud, I don't see how anyone could disregard them) and low volume of results, that does not sufficiently explain the price. I seem to recall that we had at least a hundred non-COC assay results in the .1+ range for some time now. Why are those results now being discounted (if not outright disregarded)? Yes, I believe like most, I'm frustrated with the snails pace of results and what I perceive as the undervalued price of the stock given the consistency between what the company is coming up with now as compared to what it came up with in the past without COC (and the potential for major enhancement of recovery with the Johnson process). sh

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