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

To: mark silvers who wrote (9118)	2/14/1998 4:30:00 PM
From: RRG	Respond to of 20681

I agree that electronic trading, although more convenient and probably would lower the space between the bid and ask, is probably not a high priority right now. But I can't help wondering how IPM achieved electronic trading at their stage of development. Now that IPM is possibly going to be de-listed, it could said their electronic trading may have been premature. Let's hope that's a scenario we will never face. Per Mark, "a steady stream of numbers" (good ones to be sure) is the answer. Bob Goldstein

To: mark silvers who wrote (9118)	2/14/1998 8:31:00 PM
From: jlallen	Respond to of 20681

Which is a good thing since its not very likely to happen any time soon!! It ain't a gonna happen while ASC charges are pending and since as I understand it the charges deal with reporting and disclosure issues, good numbers don't cure the problem, although they may help overall. JLA

To: mark silvers who wrote (9118)	2/15/1998 10:22:00 AM
From: Max Haber	Read Replies (1) \| Respond to of 20681

Mark, are you kidding me? Listing -electronically is the biggest priority. To make the assumption that management is not focused on a listing is really missing the boat. It is their number 1 focus. The best way Naxos can get listed is to prove gold and platinum by using third parties again and again. Did you ever read the "notice of hearing" on the case against Naxos? It doesn't say that much. They allege (among other things) that Naxos mgt. filed some trade reports outside the 10 days time limit, after reporting test and assay results. Personally, I think that is no big deal. If they said management tried to hide sales or purchases, and did it in an illegal way that would be a different story. But to say the postmark was late!!! Give me a break. I checked several other companies in Alberta, quite a few report late, especially with officers and directors in the US and BC. What I really believe-it's quite simple. 1. I believe that the people Naxos management hired to do their accounting Deloitte-Touche to do their books, do the job consistent with their reputation. No missing dump trucks. 2. I believe that the people Naxos management hired to drill and recover samples from Franklin Lake (B/D) do a job that is consistent with their reputation. 3.I believe that the people Naxos hired to process the ore, Colorado Mining Research Institute, will also do the job in a manor consistent with there reputation. 4.I believe that the laboratory hired by Naxos (Ledoux & Co.) to do the testing, certify and publish the results, do so in a manor consistent with their reputation and standing in the industry. I am looking forward to other labs, with good standing in the mining industry coming forth and publishing results. Naxos in my view is pretty much like a holding company that hires the best people/companies to do everything. Electronic trading--Jimmy John and other Naxos folks hold a lot of stock, millions of shares. Johnson/Lett may be getting a couple of million shares. For anyone to think that any shareholder, not just the insiders, is not anxious to see a quote on-line or in the morning paper, is mistaken. IMHO As far as the standard Naxos time frame two more weeks. This could be it. Max Haber