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

To: Kurt R. who wrote (7083)	12/11/1997 7:05:00 PM
From: GlobalMarine	Read Replies (1) \| Respond to of 20681

Kurt: Thanks for posting the report for everyone. Anyone who had stock in IPM would probably have a different opinion about its management than does Jay, IMO. Given that the ultimate goal of any management is to maximize shareholder value, IPM is near its all-time low and Naxos near its all-time high. IPM has 0.03 oz/ton in a fire assay method and Naxos 3 oz/ton in a recovery method that is fire-assayable. IPM failed to advance the property towards production and Naxos is advancing the property towards production by setting up a 5 ton a day demonstration plant to demonstrate economic recovery. On the Johnson-Lett agreement, if the deal to proxy to Jimmy the former's shares didn't occur, Johnson-Lett would automatically be in a position to control the company and Jimmy would be out of a job. So there had to be a deal to maintain management continuity here.

To: Kurt R. who wrote (7083)	12/11/1997 8:01:00 PM
From: Whomerun	Read Replies (1) \| Respond to of 20681

I'm surprised that Jay Taylor has any subscribers left after his rec. to sell Naxos and buy IPM - great move Jay. You remind me of those pro's on TV Sunday morning picking the pro football games. ABSOLUTELY - THE LOCK OF THE YEAR - CALL MY 800# FOR THE FREE PICK OF THE YEAR! Sure glad I'm not one of your fans! Maybe if you tell them to buy Naxos tomorrow they could recoup their losses from IPMCF that's now around $1.00.

To: Kurt R. who wrote (7083)	12/11/1997 8:57:00 PM
From: Lawrence Brierley	Read Replies (1) \| Respond to of 20681

Thanks for the post, Kurt. I have just returned to my computer after 24hrs "in the trenches", and am delighted to find that we are once more on our way. I just have to make a comment on this loser Jay Taylor and his lattest offering. If I were him, I would worry less about charges of prostitution of opinion, and more about charges of his own arrogance, being blinded by anger over a perceived slight, or simple garden variety stupidity. What possible good is this man to his subscribers if he has such a fragile self image that he lets this insignificant event of nine months ago poison forever his thoughts and judgement about a very promising investment opportunity. It seems to me that the more he persists with this irrational quest for vengeance, the less credibility he has as an analyst. Most of us prefer our financial analysts to be dispassionate and objective. This man has clearly shown that he is neither. It seems to me that management's course over the last year has been unimpeachable, even brilliant. If we find ourselves at this happy pass, it is in no small way due to their tenacity and competence. A heartfelt thanks to Jimmy and all! The best as ever, Lawrence