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

To: Richard Mazzarella who wrote (19659)	8/4/1999 3:52:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Richard, my "chiding" reflected broad accusations which are not fair and do not give any credit to Mr. Gardner for what he has accomplished so far. He has a long way to go before he can claim any specific success, but there are some things anyway which he has promised and delivered on. There are a number of posts which can be more accurately categorized as "venting" than an accurate review of real events. The only way for anyone to look at Naxos at this point and not get completely frustrated is as company which has gone through many difficult times and is now on a new course of exploration with a focus on solid indications of significant reserves in easily identified minerals and rare earths with promising tests being done on gold as well. If Naxos can identify a reserve in Boron, Lithium, etc. and find buyers, we are on our way to creating real cash flow. To drag the 8 year history along with us every day, and paint every event with that brush is like bringing along a large trunk of trash we have no use for but for some reason can't dump along the way. I don't see any reason to connect past history and Bob's actions and I don't expect any better "timely" releases of progress on the complex problem of PM's than we have ever gotten. It's still a complex ore, it's still very difficult to identify, but now we have a new focus on easily identified, readily quantified resources and THAT means we have a fighting chance to actually turn Naxos around to becoming a profitable venture. But only time will tell. Tom F.