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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (16941)11/12/1998 1:41:00 PM
From: BGM  Read Replies (1) of 20681
 
Tom:
I like the idea of two more weeks. A few sports jabs are good. How about some ounce per ton speculation. We are back to a FL play, which it really has been all along. We are waiting for the next announcement. Not much really changes here. We are not out of it, but we are nervous (and scarred). The Naxos wars.

Story one:
1. Ledoux has nor backed off of previous certified results.
2. There is gold in veins.
3. The gold is high ounces per ton.
4. We have a stockpile of chain of custody material.
5. The process is being fine tuned.
6. Our limited resources are being applied effectively to what we wanted to find out all along.
7. More money will be available as needed.
8. This is a very risky investment that is either $100 or $0. Should we include David Snow?

Story two:
1. Nobody dares push Ledoux or we will find out the other results are tainted also.
2. All results have been wrong and there are no PM's.
3. The drilling program is suspect and we have no funds for further drilling.
4. JL or other methods are scams to pick our pockets.
5. Money will run out by early 1999.
6. Nobody who holds 30M shares will put another dime into this.
7. It is not a risky investment, it is a scam.

I think the events warrant some regrouping on these ideas. If not, where are the sellers? If not, why are there buyers?
Brad Mertz
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