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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (15166)	8/3/1998 4:28:00 PM
From: jlallen	Read Replies (1) of 20681

Henry: I haven't heard that the company has received anything from Russell. Your misinformation is better than mine. I am very interested in that report because of my belief that we must go into production at FL to save our investment. If the report results are favorable on that process (I understand the report is about the viability of the J/L process)then it seems to me we have some hope. If we are going to continue to rely on assays from Ledoux then I think we are in real deep doo-doo to use a technical term. I'm not fooled by the likes of Al C. or others who seem to have an agenda. I can however understand and respect the depth of mistrust and lack of respect which many shareholders hold toward management. Disagreements are healthy and claims of factional politics aside most executives (including myself) would have to agree that we often learn valuable things from those who we disagree most. IMO as we currently sit, "this ain't no way to run an airline". JLA

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