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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (15170)	8/3/1998 5:00:00 PM
From: jlallen	Read Replies (2) of 20681

I wish I could agree with you Henry. But IMO the MOST serious mistake this management made was to squander an opportunity to get a decent mining pro at the helm. With Ledoux's certifications in hand on the new holes, JJ out and leaks all but plugged I think we had a real shot. Unfortunately, management forgot to load the rifle. It should have been job #1 once we got the results. Now following this latest debacle for which I am not sure Ledoux is entirely to blame, you are right, we are stuck with what we've got. Not an enviable situation. I understand high risk. Unnecessary risk, the appearance of self dealing, leaks, etc. are the types of things which piss me off. JLA

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