Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Frederick who wrote (8764)	2/2/1998 2:33:00 PM
From: Doug Meetmer	Read Replies (1) \| Respond to of 20681

Here are some excerpts from Jay Taylor's stock letter: <<<NAXOS RESOURCES Before I get started with this week's message I would like to make one note of clarification with respect to a past recommendation, namely Naxos Resources. As most of you are aware, after many years of support for Naxos, this past December I recommended selling the stock at US $7.50 for a 196% gain. The reason I recommended selling this stock was because I became convinced that under the company's current management there was little or no chance that the company's Franklin Lake property will ever be developed into a viable mining project. A rumor has recently been circulating to the extent that I have changed my mind and am now again recommending purchase of Naxos. This rumor may have been due to some remarks by David Baines, that certain very negative reporter from the Vancouver Sun who quoted some past remarks I made without noting the fact that these remarks were made in the past prior to my sale recommendation. LET ME HEREWITH SET THE RECORD STRAIGHT. I HAVE NOT CHANGED MY MIND WITH RESPECT TO MY SALE RECOMMENDATION NOR DO I EXPECT TO DO SO AS LONG AS THE CURRENT MANAGEMENT REMAINS IN PLACE.>>> This guy is unprofessional in his writing style and people should be able to see through the words to the shallow man beneath. Mr. Taylor so clearly lets his emotions show through: "as long as the current management remains in place." So I suppose when the pilot plant is running and yielding gold at 2 OPT at costs of $100/ounce and we have 6000 holes drilled showing reserves at 200 million tons he will still stand by his sell recommendation because JJ brought us there. Give me a break. Taylor is pissed off and has no rational basis for his position. By the way Jay, are you standing by your "SALE recommendation", or would you like to change that to the common "SELL recommendation?" By the way, there is a much greater chance that Naxos will hit $7 before it hits $4 and Jay, if you were wise, you would put your clients in Naxos now.