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

To: Jerry in Omaha who wrote (9511)	3/10/1998 9:29:00 AM
From: Larry Macklin	Respond to of 20681

jerry---- Not that my opinion means anything, but i would like to see a release thursday before the market opens. larry

To: Jerry in Omaha who wrote (9511)	3/10/1998 9:50:00 AM
From: BGM	Read Replies (1) \| Respond to of 20681

Jerard: I would say the "gut check" all of us are experience is not over the timing of the release. It is concern over the content. Delays and missed deadlines have a way of being interpreted as bad news. My stomach would be fine if the message came by carrier pigeon to everybody on the thread - - - if the content is there. With this type of announcement and event driven stock it is the nature of the event that is important. BGM

To: Jerry in Omaha who wrote (9511)	3/10/1998 10:28:00 AM
From: mfgrep	Read Replies (1) \| Respond to of 20681

I am the last person to have superstitious tendencies (or any other tendencies that I am willing to admit to for that matter). I do believe that there is a reason, however, for omitting the thirteenth floor from nearly every elevator button pad in every city in this country. People don't like the number....and they don't like Friday the thirteenth! I think that it would be unwise to release on such a day due to public scrutiny. Why don't we release on a midday morning per usual? Perhaps tomorrow Wednesday 3-11-98? It just seems that this would be a more appropriate date with no stigmas attached. Jerard--You have it on good authority that we are ready for a release? Regards, Jason

To: Jerry in Omaha who wrote (9511)	3/10/1998 10:32:00 AM
From: Tom Frederick	Respond to of 20681

Jerard, you bring up a very interesting point on how markets work. Supply and demand. If you know the story of the auction and the fiddle that is what we have to a certain degree with Naxos. The story goes of an auction of an old dusty fiddle. The bidding starts at $5 and drops down to $1 with no bidders. Then an old man picks up this old dusty instrument. He carefully cleans it off, tunes the strings and begins to play a beautiful melody. At the conclusion of the song he puts down what is now looked at as a violin and the bidding starts once again. Starting at $100 and ending at $1000. The key here is the the sellers need to understand just how valuable this stock is. This "blockbuster" release will help. But, we as stockholder CAN'T let this go cheap just because of being told so many times by the ASE, the industry press, by poster here about this being a dusty old stock, or because of the agonizingly long proof phase, frustration or impatience. We have, as the story of the violin outlines, an incredibly valuable property in FL. Naxos us just now dusting it off for presentation. If you do the math on even low numbers using Au, Pl and Pd, it is easy to come up with literally BILLIONS of ounces of PM's in FL. Even at surpressed prices that translates to TRILLIONS of dollars in asset value. Divide that into 30,M shares and Wallah! You have a stock in the 5 figure range. Discount that by 75% and you STILL have a 4 figure stock. So the math is easy. The patience for the price is not. But your question is very important. We can't sell cheap. That is how alot of demand fits into a small supply. Sell it for what it is worth and those who are looking to steal it will go away. Who will be left are those buyers who really see the value and will pay a fare price for it. That's my opinion. Regards. Tom F.