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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: BGM who wrote (15787)	8/20/1998 1:28:00 PM
From: mark silvers	Read Replies (1) of 20681

Brad Your post is full of assumptions. << Has management directed confirmation work on prior testing (before 1998 drill program)? >> According to LeDoux, these results are not in question. So what would you have them confirm? << Is this being done by LeDoux? Is this being done by 3rd parties? Is LeDoux advising us as to the correct steps? Are we advising LeDoux? Are we advising the third party labs? Are not the prior results verifiable? Did Johnson help on these others? Will he help now?>> The relationship between naxos and leDoux has got to be very precarious and rocky at this point(how could it not be?)Any work/direction/lawsuit/testing, etc., has to be handled very delicately given that relationship. Any negotiations to do any of the above must be handled with the utmost care. Would you have them do that in a public forum? Negotiate and announce intentions in a public manner so that your/our curiosity can be sated? That would be wrong and unheard of. <<If we can't direct this with our management and mining expertise, how are we expected to believe we can evaluate and develop additional properties? Are we notdoing this because there are no PM's there? Are we not doing this because we don't know how? The confusion is obvious. The steps that could be taken are obvious. Even a mining rookie knows how to be thorough and direct. What is the problem here? Where is the plan? What are Norton and the others doing?>> The expectation that you should know these negotiations and the assumptions you make because you dont are flawed, IMO. the expectation that you should/can/deserve to know this information is the root cause the problem, IMO. I am not saying you should never know anything, but to expect Naxos to manage delicate business relationships and negotiations in a public manner is outside the realm of reasonable expectation. Mark

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