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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Kim W. Brasington who wrote (15258)	8/6/1998 8:07:00 AM
From: jlallen	Read Replies (2) of 20681

Kim: This press release can best be summed up as follows: "Chock full o'nothin'". Tells me nothing I did not already know, and gives me no comfort. Contains a lot of lawyer weasel language like "continue to scrutinize" Says operating experience is a strength? Operating what? Why doesn't he answer the real concerns? When does Ledoux expect to make a report? Why has the company not already completed the "scrutiny?" What is the company doing to stem the "burn rate"? When is the report due from Russell? I'm sure you've read my previous posts. Bottom line is SSDD (same sh**, different day). JLA

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