Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Jerry in Omaha who wrote (9899)	3/13/1998 8:52:00 AM
From: Kurt R.	Read Replies (2) \| Respond to of 20681

Jerard: I will take a stab at your questions, if I may. First of all, in order for the market to function efficiently, every participant needs the level of information . With regards to the investment opportunity presented by Naxos and its FL property, this clearly is not the case (yet). So there is a lot of work to be done until Naxos is widely known - I am not sure this will happen by itself. Secondly, I believe there are a few open questions. For example: 1. What happened to the J/L deal? 2. Will JJ keep the voting proxy on 10 million shares? 3. Why are the numbers considerably lower that the ones previously reported? 4. What happened to the PGMs? 5. How many founders flips did JJ do to end up with his current equity position? I could continue the list but I don't want to sound like a party pooper. The fact remains that yesterday's news is excellent and Naxos has enormous potential. Kurt

To: Jerry in Omaha who wrote (9899)	3/13/1998 10:10:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Jerard, Markets are always rational, it's people who are not rational and its their influence that makes markets appear perverse. There is of course always an element of buy on rumour sell on news. However yesterday's activity was not an example of buy rumour/sell news. For the record I am long Naxos and bought more stock yesterday. But I am not at all surprised at the market response. On a casual reading of the release it is a disappointment when compared to the earlier release. We can see that very clearly from the reaction on this thread. Well meaning people are seeing different things in these numbers. I believe there is a lot of interesting information in this and gives us a good basis for moving forward but it is certainly fair to say there are still many questions that need to be asked and answered. When I saw the reaction on this thread I pulled my bids back to 3 1/2. To be fair many of the questions being asked are legitimate questions. But I believe we are on the right path and are making progress towards that goal. Henry