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

To: U.B. Green who wrote (9160)	2/17/1998 9:09:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

OFF TOPIC to U.B.Green Thanks for the kind words. As background let me say that I got involved with Naxos on the recommendation of someone I respect. Based on his recommendation I started doing my due diligence and started investing. And yes you are correct I got involved long before there were chain of custody. I wasn't looking for a desert dirt, in fact I didn't hear the term till I started getting involved with SI. So I wasn't really looking for a good desert dirt but was looking for interesting high risk prospects. That said I had been keeping an eye on GPGI recently and just deleted the bookmark yesterday. The story seems interesting but I have been concerned with some questions about the nature of their deposit and the slow response they have been getting re getting paid for the material they have been shipping. But when it came right down to it I deleted the bookmark because I did an analysis of the stocks I am following with an eye to reducing the group. I do this every 6 months. I just decided re GPGI that I only wanted one stock in this class and I have decided Naxos is the one I placed my bet on. This is not really a dismissal of GPGI just a preference for Naxos. If someone gave me a strong reason to look at GPGI I would take another look but for the time being I an focusing my research energies elsewhere.

To: U.B. Green who wrote (9160)	2/17/1998 9:55:00 PM
From: Eric Tai	Read Replies (1) \| Respond to of 20681

more OFF TOPIC to Green, Yes, GPGI is a interesting story. But unfortunately, it has been interesting for the last 5 years. In 1994 it sent some samples to Royal Belgium Mint. In 1995, it sent 170 pounds of high grade anode sludge to Atmetco , a large refiner in Salt Lake City. Yes, it also got paid at that time. Yes, it may be different again this time. But I will want to see the cash flow showing in sufficient quantities in the quarterly reports before I am convinced. BTW, it is not just GPGI, nearly all Desert Dirts are in the same boat -- always so close, yet so far away....... (I say the same thing a year ago, still can say the same thing again today. sigh)