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

To: TJ Moore who wrote (9949)	3/13/1998 1:15:00 PM
From: Graystone	Read Replies (2) \| Respond to of 20681

Maybe or Perhaps You have been speculating about the wrong things in regards to the value of this play. If you imagine a stack, no a pile, of Krugerrands about halfway to geo-synchronous orbit, I am sure you have been disappointed. If however you can entertain the thought that Dr. Alvin Johnson's claims, fortified with Mr. Lett's imprimatur may not make the largest gold-mine in the known universe then you will see why the results are disappointing. Jimmy John's sudden suicidal leap over the rail was not noticed by any crew members, of course not, to understand why you have only to know these facts, why does the lookout keep yelling all clear, why does the ship lurch around like this. Is that rain, am I being rained upon ??? Treasure, just ahead.

To: TJ Moore who wrote (9949)	3/13/1998 1:21:00 PM
From: knight	Read Replies (1) \| Respond to of 20681

TJ, some of the other guys will disagree with me here, but I don't think the release lived up to the markets expectations based on the previous assay releases earlier this year. There's also the question of why JJ stepped aside and the lack of a statement of where the J/L agreement stands. On a positive note, it was a "bare all" numbers release, and I give credit to Naxos for that. Until a replacement is found to replace JJ, there will continue to be some uncertainty. Just MHO.

To: TJ Moore who wrote (9949)	3/13/1998 1:35:00 PM
From: mark silvers	Read Replies (3) \| Respond to of 20681

TJ, Because you are a friend of someone that I am fond of, I will try to enlighten you , and will try not to use semi-decipherable parable as my friend Greystone does:-) It is my opinion(and an opinion only) that we are suffering from a bad case of unrealized expectations. People like Matt Walters pumped out information on the Johnson process that was at best overly-optimistic and at worst an outright lie(I will leave it to others to figure out his obvious motivation and what his intent was) Becasue of that, people are dissatisfied with the numbers released yesterday. Let me state unequivocally, that the more I ponder the release, the happier I get! I have been posting on this thread for a very long time and I hope that most people think that I am level headed and will entertain both sides of the issue. I hold as much optimism for the future of this company as I ever did. We are going to lose many disgruntled shareholders in the next few days, there is nothing we can do about that. I believe that we are going to gain many more shareholders in the next few days also, and would not be surprised to see a few institutions jump into the fray eventually. That said, I do NOT want anyone to base their decisions on what I have said. Each person needs to develop a risk profile that they are comfortable with and adhere to it. It will be different for everyone and Naxos might no fit into that profile. If so, you should sell and I wish you the best of luck on your journey. Mark