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


To: Jerry in Omaha who wrote (9474)3/9/1998 10:56:00 AM
From: Tom Frederick  Respond to of 20681
 
Jerard,

Prophetic indeed. This time I think you are correct with the season. Based on the most recent activities and the posted intentions of Naxos as outlined by Mr. Brasington, the next release should be a big one.

If Naxos can make the leap from a 4 to 6 number release on one section of one hole TO a 120 to 360 (depending on how many metals are tested) number release on two complete holes well apart from each other, Naxos will make a much bigger splash. We will have planted the springtime seed which will grow into a robust and beautiful investment bursting with the sweet smells of success.

Some are getting very impatient and rightfully so. But impatience like a groom in his quiet anticipation is different than the impatience at the ketchup coming out too slow. Some things, try as we may, can't be rushed.

I have spoken to Mr. Brasington on the issue of timetables and PM exploration and discovery. His comment based on observing many, many other junior mining operations move along this same path was along the lines of "what timetable?". It is highly UNusual for any exploration company to have this stage of proof and testing go along a straight path. Especially when labs are learning about a whole new way to handle a very complex but very rich ore. All of the hardest work is done. Proving the metal is there. Now it is time to repeat the testing, expand the drilling and demonstrate recovery, all of which is in the works.

But Spring is a funny thing. We can spend the last cold months of winter counting down the days for the arrival of spring and watch and listen for all the signs, and then, almost as if to fool us, Spring erupts almost overnight and even sooner, summer is here. No matter what we do, we can't rush the arrival of Spring. But, in the same way, once the signs are clear, there is nothing that will stop its arrival.

Regards,

Tom F.

(I think I'll write a Naxos theme song now. Anyone have a Ukulele?)




To: Jerry in Omaha who wrote (9474)3/9/1998 3:11:00 PM
From: Random Walk  Respond to of 20681
 
3.875 Bid Asking 4.375. Anyone scared yet?
Don Schreiber