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

To: Jerry in Omaha who wrote (8888)	2/6/1998 3:32:00 PM
From: Stoopid	Respond to of 20681

Great.... Now all the false prophets will know how to act like real ones...har har ci

To: Jerry in Omaha who wrote (8888)	2/6/1998 4:01:00 PM
From: mfgrep	Respond to of 20681

Jerard-- That post is spectacularly appropriate. I had attempted to achieve the effect of your post by yelling at Ed regarding his post about Warren Buffet. This is a wonderful way of demonstrating my point. Gee....do you think it really possible that the Naxos thread has a few false prophets runnin' around? I'm gonna keep my eyes open ;) J

To: Jerry in Omaha who wrote (8888)	2/7/1998 7:51:00 AM
From: Kurt R.	Read Replies (3) \| Respond to of 20681

Jerard: Now that Rich spilled the beans on how Jimmy John handled the J/L issue, I feel tempted to post my own opinion on this. You posted the following statement: >> Mr. John does not have to know or understand the procedure until after Naxos has performed sufficient due diligence.<< Really? How much basic, fundamental due diligence did Naxos perform on the J/L process before entering into a preliminary agreement with J/L and announcing to the world that they found the proverbial needle in the hay stack? For example, did they even attempt to do a world wide patent and technology search? Did Jimmy John even bother to look up a basic text book on mineral processing? (And if he did, could he understand it?) Please, Jerard, do not confuse due diligence with doing "R&D" on technology that is already known, but Naxos failed to look for it. In my view, management has seriously violated their fiduciary duties by entering into an agreement with J/L without doing basic due diligence on the J/L process. This snafu wasted a lot of time and money and it is just another incident that proves my point that I made last year before the AGM: WE NEED COMPETENT PEOPLE IN CHARGE AT THE VERY TOP!!! Hiring some consultants doesn't do the company any good if the CEO and President makes bad, uninformed decisions. Kurt