Naxos Resources (NAXOF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Naxos Resources (NAXOF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ShoppinTheNet who wrote (12423)	4/29/1998 2:22:00 PM
From: mark silvers	Read Replies (2) of 20681

SK Your explanation of my analogy of the internet stocks(what a mouthfull!) is not right. Weather or not these stock are a flash in the pan is not relevant. They trade at insane multiples based on future earnings. Almost all analysts are in agreement that they are way overvalued. naxos cant trade at multiples of earnings because we dont have any. We are not going to have any for a long time. We dont have a resource to make a valuation on. Compared to the market cap of other dirts we WERE overvlaued at 10 bucks. <<but I can tell you that if a Jr. mining company presents a exploration plan, and proceeds on a steady course, you would see the stock movement of that company move upward on a steady basis. Thus limited peaks and troughs, compared to Naxos. That would in my mind be a solid jr. mining stock. But wait you say, that is the way the industry works. So change it! Its broke fix it!>> I'm sorry but that doesnt make sense. You can have all the plans you want, but if the property doesnt have numbers, it wont be worth squat. Naxos is trying tomove forward with a plan now, so I dont know what your point is. As to changing a broken industry? You have got to be kidding. Demanding to change an industry is not a reasonable request of Barrick let alone naxos. <<Were you making these statements at the time the stock was at $10?>> NO, thats why I said it is easier to tell in hindsight. However, you have to make a distinction betwen talking about a stocks potential and where fair value is today. I think we have achieved fair value today. My thoughts on the stocks potential havent changed one bit. Mark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next