SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?


To: JMB55 who wrote (9866)3/12/1998 10:35:00 PM
From: Graystone  Read Replies (1) | Respond to of 20681
 
Shedding some light.
or
Is this clear to you, it is to me

What did they do a Standard Lead Fire Assay on ????? The material was provided by <Put Current Methodology Here> (see latest news release for name of current methodology). The NAXOF proprietary process which Noxonians paid $7,000,000 (see company news release) gave numbers almost as good as this. The Merwin White Methodology which could be scaled up to commercial production and was certified by Ledoux wasn't quite as good, I can't remember, I'll have to look it up in a company news release. Your money, you are relying upon Austin Letts imprimatur. Does anyone wonder where Mr. Lett is. He posts here you know. The actual variance over the three month period was likely caused by El Nino and is of little concern, because it's just another outrageous claim made by NAXOF. Mad Jimmy John leaps overboard, best news yet.

My advice
Helloooooo.
Coffee's on.

You all realize of course that this drop in the share means those Johnson-Lett guys are really getting screwed from the original terms. They are getting a lot of NAXOF shares and when they signed the big deal it was much higher, man those guys are suckers. They shoulda demanded even more cash up front.
#reply-3436982