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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Macklin who wrote (16921)	11/8/1998 5:34:00 PM
From: Paul Salber	Read Replies (1) of 20681

Larry, Isn't Venezuela still owned by Naxos ? It has been shut down, but to my knowledge it hasn't yet been disposed of.. Also, some thoughts and questions on Friday's release for anyone to ponder ... * Is the exodus of Sweet Sid, Ian and now, JJ effective immediately or does the date remain Dec 18 ? This seems to reflect a change now with the replacement of JJ so I read it as an immediate departure. * Since it took 550 assays to reach any conclusion, there must be some promise in the J/L procedure. And as Larry mentioned, and I assume to be true, the J/L process is much different (and improved ?) now then it was when Russell started this evaluation. * Since there is a house clearing going on, I'd think it would also include the PR folks. My discussions with both lead me to conclude that they are both strong supporters of Sid who has apparently shown the board that he was not working in the best interests of Naxos shareholders. * The release didn't provide any information we really didn't already know regarding Russell's findings. The absence of the report was often discussed on this thread with the belief that the (older) J/L process failed. Comments welcome.... Paul

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