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


To: Kim W. Brasington who wrote (5877)11/24/1997 9:22:00 AM
From: mark silvers  Read Replies (1) | Respond to of 20681
 
Kim
Once again, thank you for sharing your knowledge with us. As always, it is highly appreciated.

Mark Silvers



To: Kim W. Brasington who wrote (5877)11/24/1997 1:05:00 PM
From: Hans Smedema  Respond to of 20681
 
Kim,

Just wanted you to know, I like this thread very much. More a lurker, but wanted you to know I have indeed visited Naxos when I travelled from Holland to the IPM AGM. We had a look on the property and I made some pictures, saw Chip too.

As you are posting some older messages, I looked up an old one too. Think it is nice to repost it,it is from end of jan this year I think.
I placed it on Compuserve too, here it is:
**********
Just for the fun and to give another view to the current problems with IPM, here is a message I placed early this year on this forum and on SI. It's making fun of the ASE hearing, making it a bit ridiculous, and as we now know I was right on!

BTW 1, to make sure everyone understands, all 34 of the allegations by the ASE were later redrawn, only one did stand up. It was because Naxos refused not to release information as demanded by the ASE, but it had to issue due to the Nasdaq rules and of course normal integrity to the shareholders.
BTW 2, Naxos went to 0.75 US$ after this stupid PR, from 8.50 CND$

*************
I just received a PR through canada Stockwatch from the ASE concerning Naxos. The ASE is still month's or even years behind reality.
A Ms Patricia Johnston of the ASE reports that the ASE has issued a notice of hearing dated January 22 1997 against Naxos Resources and its president, Mr Jimmy John. The hearing is scheduled for March 12, 13 and 14, 1997 at the offices of the Exchange in Calgary.
The notice of hearing alleges, among other things, violations on the part of Naxos and Mr John of exchange requirements in connection with the issuance of numerous press releases disclosing significant concentrations of precious metals on samples taken from the Franklin Lake property which results have not been replicated or verified by consultants retained by the exchange for that purpose.
Further the ASE states that several standard fire assay tests conducted by independent laboratories disclosed that the concentrations of gold on samples taken from the Franklin Lake property were significantly lower than the previous results reported by Naxos. Additionally, there was no evidence of concentrations of platinum group elements present in such samples.
The ASE has also alleged that by the issuance of press releases dated
December 20 1996 and January 20 1997, Naxos and Mr John directly
contravened exchange policies which require the pre approval of any
non-conventional fire assay testing procedures and the disclosure of
standard fire assay testing results contemporaneously with precious metal
results obtained using non-conventional fire assay methods.
At the hearing of these matters, the exchange will seek an order delisting
the securities of Naxos from the exchange and an order prohibiting Mr John
from acting as a director, officer, insider, promoter or investor relations
consultant for or on behalf of any company listed on the exchange.

And to make sure everybody understands the bureaucracy we are fighting against, here is the same, but '_slightly_' different:

I just received from someone close to the ASE a rumor that they are planning to issue the following PR. This could be wrong of course so don t sell or buy any shares without doing your own DD!!!!!!
A Ms Pet Dontknowathing of the ASE reports that the ASE will issue a notice of hearing dated January 31 1997 against Nasa and the president of the USA. The hearing is scheduled for March 15, 16 and 17,(just after Naxos) 1997 at the offices of the Exchange in Calgary.
The notice of hearing alleges, among other things, violations on the part of Nasa and Mr USA President of exchange requirements in connection with the issuance of numerous press releases disclosing that in fact NASA has put people on the moon, which results have not been replicated or verified by consultants retained by the exchange for that purpose.
Further the ASE states that several standard tests conducted by independent aeroplanes disclosed that it is impossible with a plane to go to the moon. Additionally, there was no evidence of concentrations of air necessary for a plane to go to the moon present in samples taken outside the atmosphere.
The ASE has also alleged that by the issuance of press releases dated
December and January of some year, Nasa and Mr USA President directly
contravened exchange policies which require the pre approval of any
non-conventional testing procedures and the disclosure of
standard testing results contemporaneously with results obtained using non-conventional methods.
At the hearing of these matters, the exchange will seek an order delisting
Nasa from the exchange and an order prohibiting Mr USA President
from acting as a director, officer, insider, promoter or investor relations
consultant for or on behalf of any company listed on the exchange.
****************

ROFL, we know how this ended now, full Chain Of Custody prove of 0.25 oz/t. by Behre Dolbear and Le Doux, both international recognized companies. Much looking as the IPM situation now isn't it?

Anyway I wish all here on this thread well with Naxos, I am a shareholder of course. Also into GPGI.

Hans



To: Kim W. Brasington who wrote (5877)11/25/1997 9:19:00 PM
From: james m. schultz  Read Replies (2) | Respond to of 20681
 
Kim, and to all Naxonians this fine Holiday season.

1863 Thanksgiving Proclamation, by Abraham Lincoln.

"It is the duty of nations as well as of men to own their dependence upon the overruling power of God: to confess their sins and transgressions in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon: and to recognize the sublime truth, announced in the Holy Scriptures and proven by all history, that those nations are blessed whose God is the Lord.

We know that by his divine law, nations, like individuals, are subjected to punishments and chastisements in this world. May we not justly fear that the awful calamity of civil war which now desolates theland may be a punishment inflicted upon us for our presumptuous sins, to the needful end of our national reformations as a whole people?

We have been the recipients of the choicest bounties of heaven: we have been preserved these many years in peace and prosperity: we have grown in numbers, wealth and power as no other nation has ever grown.

But we have forgotten God. We have forgotten the gracious hand which preserved us in peace and multiplied and enriched and strengthened us, and we have vainly imagined, in the deceitfulness of our hearts, that all these blessings were produced by some suuperior wisdom and virtue of our own. Intoxicated with unbroken success, we have become too self-sufficient to feel the necessity of redeeming and preserving grace, too proud to pray to the God that made us.

It has seemed to me fit and proper that God should be solemnly, reverently, and gratefully acknowledged, as with one heart and one voice, by the whole American people. I do therefore invite my fellow citizens in every part of the United States, and also those who are at sea and those who are sojourning in foreign lands, to set apart and observe the last Thursday of November as a day of Thanksgiving and praise to our beneficent Father who dwelleth in the heavens."