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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Salber who wrote (19371)	6/28/1999 10:26:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Paul, I think you miss the point regarding Bob Gardner. Bob inherited a car wreck. He has managed to put the wheels back on, get it off the rough road it was following, (Assay) and get it moving in the only viable direction (recovery). He has had to do this with a limited cash reserve AND fighting father Gregory at the same time. There are no parades for the current status of Naxos. But there are many reasons to be appreciative of Bob doing the best he can with a bad situation. Too much effort has been put into coming up with one process that will actually recover PM's to not let it run it's course. We have Great Lakes, who holds the patent on the key chemicals for the process, working for free to help Bob run the pilot plant for the optimal results. In the meantime, Bob has shut things down as to not waste money running the plant without that input. Absent a "better idea" from Father Gregory, and no one with any knowledge of just what he wants to do (Assay, recovery, mix, new chemistry solution, sell FL as a desert theme park) I see no reason to hand the reigns over to someone with no detailed plan. Having said that, there is no way to know if the absolute BEST course of action is being taken. We don't know because we are not the ones in the meetings with the board, we're not the ones at the plant talking to Martin looking at results, we're not the ones with the scientific background to know how to crack the code and get this thing moving. And therefor, we must put our trust in someone, a person who has been honest and straightforward with what they want to do. And in that scenario, Father Gregory just doesn't come close to earning that kind of trust, where as Bob has, in my opinion. Tom F.