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

To: Kim W. Brasington who wrote (6889)	12/10/1997 6:24:00 PM
From: Michael Donahue	Respond to of 20681

Kim Thank you for the information regarding the schedule. Based on your response, would it be fair to say that Jan 6th is the date we should expect results and if results are released sooner so be it? MD

To: Kim W. Brasington who wrote (6889)	12/10/1997 6:52:00 PM
From: GlobalMarine	Respond to of 20681

<<Naxos asked Ledoux to analyze and assess the Johnson/Lett technology. There was one date in the document - Jan. 6th in which the first option on the Johnson/Lett technology comes due. Naxos asked Ledoux to give them an opinion before that date.>> More evidence that Naxos has superior management to IPM's. Notice how Naxos went to a third party - Ledoux - right off the bat to assess the merits of their recovery process...IPM didn't get third-party assessment of their recovery process for the better part of a year, and finally Bateman came in and mercifully pulled the plug. Unfortunately, it was the shareholders who got buried.