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

To: Stoopid who wrote (8091)	1/13/1998 10:39:00 PM
From: Jan A. Van Hummel	Respond to of 20681

Evidently, there is some disappointment about the lack of strong price action. I have addressed this in the past but like to add my two cents again. The stock price rose to a $5-10 range based on anticipation that unconfirmed extraordinary results may well be possible. That was a reach perhaps but with the flow of encouraging data it was able to hold on to the range. The non-certified results made the range a little more solid. Those already holding stock were less inclined to part with it at these prices reducing available sales volume. The certification of these results may well cause the current range to be a bottom from which the stock will rise. Unquestionably there will be sellers on the way up as investors have individual targets they are aiming for (often based on cost of their holdings) and not every one has the same intestinal fortitude to gut it out. However, why the stock did not jump $5 or more can be largely attributed to the fact that the real believers, that is us, are already up to our eyeballs in Naxos stock and probably were not a factor as buyers today. I know I was't. The real impetus will have to come from fresh buyers, new investors, converted skeptics, and so on. That will take time as Henry rightfully observed. Also, for investors today there is a different dimension involved. Investing or betting say $5000 on Naxos when it trades at $1 or $2 gives quite a different feeling than buying 700 shares at $7. To exaggerate, imagine you are asked to buy one share at $5000 or 5000 shares at $1. Which one looks more attractive? The former may be the better investment but the latter sure feels better. Why? Because for a 100 % return on a stock you bought at $1 it only has to go to $2 and that just doesnot seem to be a big deal. For the same return today the stock will have to go to $14 and that is quite a move. So aside from winning the skeptics over, they also have to overcome this illusionary hurdle. Perhaps Naxos should announce a 5-for-1 split, that will certainly draw in a lot of small buyers, but then it would not be the right signal to the market. It will take time to see the appreciation we all expect, and I am sure along the way up we will lose a few, but with the results certified by Ledoux things look better than at any time before. As this news will get around we should see more trading volume, but it looks like it that the piecemeal dissemination of facts and data will probably cause the stock to move slower than hoped for and that may not be so bad. Once the pilot plant starts to replicate lab results we should see some real progress. JMHO Jan

To: Stoopid who wrote (8091)	1/14/1998 10:43:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Chris, here, here! We really are a hard bunch to please. This news is the culmination of 9 years of hard work and we are moaning and groaning because the stock didn't take off yet. The question becomes, well how much did YOU buy today? I know that I didn't buy. I am waiting for high prices to sell. I have enough. So the only thing that will move the price is NEW buyers, not this overstuffed crowd. We all have what we want which has been accumulated over several years of buying for myself anyway. No, the job now is for the Naxos PR people to get the story to the right people, present them with final proof of unbelievable gold values and get the ball rolling that way. There needs to be momentum built up and a ground swell of interest. It is important to remember that we have only proven out one hole. They are great numbers but it is only one hole. There results give a high degree of confidence and motivation to continue and to believe in the property, but for investment purposes from any NEW entity who has not followed the story, does not understand how these high values can come to be in a completely non traditional mining format, for them, one set of numbers needs some thorough explaination to get them on board. Naxos does have the other BD holes ready to test, and I would assume that an expanded drill program will soon follow. All of these things will build the momentum on the stock price. For now,we can all be very, very satisfied that the "rumours" over the last several years of "multiple ounces" are TRUE!!!! They have proven it and there is lot's more to come. We are NOT a bunch of suckers, we are a bunch of very faithful and patient (usually anyway) visionaries who believed is something that the rest of the mining world said could not be. And we will be richly rewarded in due time. All the years of hard work have culminated in this moment of truth and proof to the world. Now a new journey begins. The proof of how massive this deposit really is and the unmatched profitability it will produce at these concentrations of multiple metals. Have patience. We are rounding the bend toward the home stretch. Regards, Tom F.