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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (13874)6/25/1998 9:09:00 AM
From: Kurt R.  Read Replies (2) of 20681
 
Henry, you are at liberty to call questions posted five months ago "hindsight". Hey, it's all a matter of perspective.

You probably know that Naxos currently is one of Taylor's "Buy" recommendations. In one of his recent weekly hotline messages he called the results from the new drill program "enormously exciting"
Jay Taylor will publish a full fledged research report on Naxos in his July 1998 issue. I am curious about his comments on the proposed new BoD. I am saying this because we heard a lot from Naxos about their efforts to put top notch mining professionals in charge in the past months. And yet, only one of the eight candidates for the BoD (Mr. John Goth) actually has a mining background. As far as I can tell there is not one candidate with a background in geology, engineering, chemistry, or any related area of expertise.

What some might find also troubling is the fact that four of the eight candidates are members of the Industry Advisory Panel which was set up in March 1998 to help find a qualified CEO and some capable directors. What efforts did this Industry Advisory Panel to find qualified mining pros? Why did four of them end up as candidates themselves?

I realize Jay Taylor is not the most popular guy on this thread, but I will keep you guys posted on what he has to say about Naxos.
Kurt
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