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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: SER who wrote (14581)7/22/1998 9:00:00 AM
From: Henry Volquardsen  Read Replies (2) of 20681
 
Stuart,

I disagree with the comment that management is out of control. And I question wether Fred is the solution.

As you and I discussed in our phone conversation yesterday the ever leaky Naxos rumour mill is trotting out a new story. Some of this has been referenced in others posts and some has not. I have not posted this before because no one is willing to allow their name to be used and risk cutting off their source of "info". But the story I am now hearing is that results have already been received on J/L testing from the two US labs. I believe Al C already posted this. The story is that these numbers have been inconclusive. The latest spin I am hearing is that the numbers from one lab were inconclusive because they were high but the blanks were also reported high. Several people are saying this may have happened because the J/L was able to produce micro fine gold from the banks as well. My first reaction was to laugh uproariously. The idea that they are obtaining microfine golds from the blanks is ludicrous. But I have now heard this spin from several people. These people are either hypsters or bug eyed crazy. I have heard from more than one person that Fred gave them this explanation personally. Unfortunately in deference to these people's wishes I can not post their names. You and I discussed this on the phone yesterday. Because of this alone I question wether Fred is the solution for management.

Henry
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