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

To: Jerry in Omaha who wrote (8263)	1/18/1998 8:33:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Jerard, Great post. IPM presented itself, and successfully, as the gleam-shine DD prospect. Naxos was/is festooned with red flags. I keep telling women the same thing, "Forget all those flashy guys, I'm a much nicer guy than I seem." They don't buy either :) Henry

To: Jerry in Omaha who wrote (8263)	1/18/1998 9:21:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 20681

Jerard, this thread should be delighted to have other desert dirt investors caution with their experiences. Even Mark, the Naxos cheerleader, uses the word speculative in one of his recent posts. IPM fell short because it failed to deliver on the large recovery numbers it promised. I see all sorts of numbers in recent Naxos PR that are from a very limited sample size. Can anyone guarantee economic recovery at this time? I don't think so. Champion has been turning lead into gold. What's Johnson doing? GPGI has been working with a dirt pile that appears to have 8 OPT. They earned $15,000 for a months worth of work. Hard to see a $1000 stock with that kind of performance. Most know that Naxos has had a very hard time in the past and allegiance is admirable, but to discount experiences from the other dirt's is foolish. Talking up speculative stocks to family and friends borders on reckless and stupid IMO. That can destroy a family. I've played the market for years and the "sure thing" rarely exists. Smart would be for family to take different paths were if one hits his $1000 stock all win. Lots of reasons would have me betting on IPM over Naxos. Frankly, even with the IPM difficulties, I think it still has a better chance of success than Naxos, but each make their own choice. (No, I don't own IPM and I don't short.) This thread should be delighted when someone doubts, you all then have a chance to counter concerns and convince new investors. Unless all the future stock is going to be purchased by longs on this thread you need to convince new investment from others. Tolerance to open discussion advances your objectives.

To: Jerry in Omaha who wrote (8263)	1/18/1998 1:00:00 PM
From: ShoppinTheNet	Read Replies (1) \| Respond to of 20681

Yo! PJ Although I can understand you feelings when you say " we don't really need to hear your war stories; we have enough of our own", I beg to differ on this point. After the Ipm, Delgatto, and Bre-x ordeal I feel that it is inportant to listen to these once burned investors. The reason is simple. In terms of individual investors these folks are our next wave of buyers. So spill the beans boys who have been singed, tell it what it will take for you to take the plunge into Naxos. We can explore this while we are waiting for Fidelity and Goldman Sacks to jump in big time.

To: Jerry in Omaha who wrote (8263)	1/18/1998 1:51:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 20681

<<I am a single stock investor and have done deeper due dilligence on this company than anyone posting on this thread>> Jerard: It is obviously a good thing that you have done a lot of due dilligence. However, the ultimate test of this stock, or any of the other desert dirt stocks is whether their "black box" recovery processes can recover enough metals at a rate and cost to be economical. My question to you is how do you DD a black box? You or anyone else posting on this thread (and quite possibly Dr. Johnon himself) has no idea whether Naxos will ultimately be successful in achieving economic recovery. As I have mentioned several times, GPGI also has multiple ounces per ton and has been promising production for a couple of years now. Well, they are now in production, and they have managed to produce a total of $15,000 for their efforts of the last several months. Does your due dilligence tell you what the outcome of Naxos' 5tpd pilot plant will be? If Naxos puts 2opt X 5 tons per day of goodies on the table, then they will have something here. Of course, even at that amount, we are still only talking about 10 ounces per day of production. The company will still be a long way from becoming anything close to a major producer. But my point is, unless your due dilligence has an answer to that question, it really isn't worth much. Because unless you know the answer to that question, you are still putting faith in a "black box" process, just like investors in any other dirt. That is where the trials and tribulations of the other dirts comes in. I would think investors in any of these companies would want to know of the experiences of the other companies that are trying to crack the same code. That's why I follow all of the dirts. I have no particular allegience to any of them and will (maybe) invest in them based on my judgements of their relative price and prospects.

To: Jerry in Omaha who wrote (8263)	1/18/1998 4:23:00 PM
From: J.L. Turner	Read Replies (1) \| Respond to of 20681

Jerard,Jerard,Jerard, How quickly we forget.It was not a grand Naxonian that came to your aid.See posts 7894,7898,7899. I love your wit,but you have a way of making a cross-poster feel more like a cross dresser.Remember those stragglers are the same investors that naxos needs.I would not be surprised if your fellow naxonians give you a midterm grade of "e" in your marketing 101 course;fortunately you have time to bring it up. [vbg] Good Luck J.L.T.