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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: soxan who wrote (18826)4/28/1999 3:59:00 PM
From: BGM  Read Replies (1) of 20681
 
My take is that there are not "good" results from the pilot plant yet. It will take more money to work on this solution. Without good results we could not get more money or Bob Gardner is not qualified (experienced)to do this. He probably had the votes to retain control, but the patient would have died (Naxos). Seats were just "shared" to get more money into the company and eliminate some of the conflict. We will see how it works out, but it is hard to see how it can last in this form for long. This is a blueprint for a deadlock. The only good news is the price being up. We will also see how long that lasts. Most of us will probably stay long at these levels. Good luck. Our pain is certainly not over.
Brad Mertz
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