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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: sh who wrote (14517)	7/20/1998 8:17:00 PM
From: Larry Macklin	Read Replies (4) of 20681

SH, I DO NOT RECALL ANY OF YOU SAYING THAT WE SHOULD DUMP LEDOUX IN THE PAST OR THAT LEDOUX WAS NOT A RESPECTED LAB OR THAT LEDOUXS INVOLVEMENT WAS NOT GOOD FOR NAXOS. BUT NOW,IN HINDSIGHT, YOU SAY THAT MANAGEMENT SHOULD HAVE KNOWN THAT LEDOUX WAS HAVING A PROBLEM. TELL ME HOW MANAGEMENT SHOULD HAVE KNOWN THAT. LEDOUX HAS BEEN ASSAYING ORE AND GIVING NAXOS GOOD AND SOLID GOLD NUMBERS. WHY WOULD THEY QUESTION LEDOUX AT ALL BEFORE LEDOUX MADE THEIR LATEST STATEMENT TO NAXOS....YOU MAKE ABSOLUTELY NO SENSE TO ME! AS FAR AS MANAGEMENT CLEARIFYING THE LAST RELEASE, THE ONLY WAY MGMT CAN DO THAT IS IF LEDOUX CLARIFIES WHAT PROBLEM THEY ARE HAVING. AS FAR AS I KNOW, LEDOUX HAS NOT GIVEN MGMT AN ANSWER YET AS TO THE SPECIFIC PROBLEM LEDOUX IS HAVING AND THEREFORE MGMT CAN NOT TELL US! FOR ALL WE KNOW LEDOUX WILL SAY THAT THEY HAVE RE-CHECKED THEIR NUMBERS AND THEY STAND BEHIND THEM. PERHAPS THE OTHER LABS ARE NOT AS SKILLED AS LEDOUX AND NEED MORE TIME TO GET IT RIGHT....LOOK HOW LONG WE WAITED FOR LEDOUXS NUMBERS! DONT BE SO QUICK TO BLAME CURRENT MANAGEMENT AND DONT ASSUME LEDOUXS NUMBERS ARE INCORRECT UNTIL WE HAVE ALL THE FACTS. LARRY MACKLIN

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