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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: RRG who wrote (16323)9/16/1998 5:03:00 PM
From: BGM  Read Replies (1) of 20681
 
Bob:
As someone not enamored with management, I find the announcements positive, even if there are many questions. I am concerned about the burn rate and the ability to fund both of these efforts at the same time. I am unclear about why the JL announcement highlights a good working relationship with a director rather than with Sid. Some of my concerns have focused on the ability of management to identify and direct these ventures. This requires good working relationships with our outside professional services. Doesn't Sid have a good relationship with JL? What about his relationship with Ledoux? We will certainly need 3rd party verification of and JL / pilot plant work.
Before I get flamed for being critical - I am positive, but vigilant. We may not have many more lives in this cat. Let's not let them slip away.
Brad Mertz
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