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

To: citydi who wrote (6053)	12/1/1997 11:28:00 PM
From: Neal davidson	Read Replies (2) \| Respond to of 20681

If i may add my two cents: I do not think that today's fall off in the price of gold has anything to do with the fall in Naxos' price. This is not a play on the price of gold, this is a play on the discovery of a potentially huge find. The delay in news is due to Ledoux's hesitancy to release test results. Some people will be frustrated by the delay; this is inevitable. If you believe the delay is a sign of bad things to come, then sell. I personally am upset at the delay and think it is a negative, but I am not selling. The worst case scenario is not, as Mark states, that there will be more delay. The worst case scenario is that Johnson, Matt Walters and Fred Arkoosh cannot convince Ledoux that the process leads to consistent results and they cannot convince Ledoux to certify the numbers. This would be a major blow. The longer we have to wait, the more plausible it is that Ledoux will hold out. I am beginning to wonder how many times they have to test the same samples before they will be comfortable enough to release certified results. By the way, I would have these same concerns if we were still waiting but the stock was at $10. I understand the argument that goes as follows: "The testing and retesting is being done to confirm the results, and confirmation is necessary as the results could have world-wide ramifiications." My point merely is that enough is enough...either the gold and platinum is there, or it is not...why is Ledoux still hesitant to release the results?? Skeptics who own this stock will not be as patient as those of us who have been owners for years and have been posting on this thread since its inception. We should expect volatility until results are released. Then we will see real movement: either up to $25 or down to $1.00.