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

To: mark silvers who wrote (9960)	3/13/1998 2:00:00 PM
From: Doug Meetmer	Respond to of 20681

Well Mr. Pom Poms, for once we are in agreement. I think there is very little that anyone could say to refute yesterdays results. They were chain of custody and assayed by two independent labs. It is still a bit unclear to me what Johnson instructed the labsto do, but at least he didn't come in contact with the samples. Perhaps some of the "concern" causing the stock price to fall has to do with the relatively low numbers put out by the second lab. I am hoping we can attribute this to lack of experience, but the bottom line is that they didn't get zeroes (of course we don't know if they did get a bunch of zeroes for other depths but didn't report them). Since you can't create gold out of thin air, the only logical conclusion is that this is quite real. Now we just needthe rest of the investment community to figure that out. Doug

To: mark silvers who wrote (9960)	3/13/1998 2:17:00 PM
From: Random Walk	Respond to of 20681

Mark: As usual your insight is on the mark. Consider the trading volume for a moment. 30 odd million shares outstanding only 170k average the last two days. Myopic shareholders will sell. Intelligent investors will patiently await the entire story that is just beginning to unfold. True the primrose path has been a crimson minefield with delays and unrealistic expectations but we are on our way to proving up a world class precious metals property. Those who do not understand or cannot tolerate the substantial risks ahead, lighten or eliminate your position. There are many of us here who would be happy to accomodate with buy orders. Don Schreiber or Random Walk. Those who may know of the random walk hypothesis understand efficient markets. Efficient markets reflect all available information in the pricing of securities. It infers that supply and demand tendencies are rational. I disagree. The markets are not efficient and substantial money can be made by those who are patient and wise. It's called value investing.

To: mark silvers who wrote (9960)	3/13/1998 5:02:00 PM
From: TJ Moore	Respond to of 20681

Mark, Thanks for your response. When I jumped into this roller coaster I was well aware of what I was most likely in for, based on my own research...although I've never owned shares of a company that went down upon positive press releases (hence my question). Even though I did hear of Naxos originally from our friend, I didn't mean to give you the impression any of my decisions were based on anybody's opinions other than my own (although I do find yours to be some of the more honest on the thread). That said, I have absolutely no intention of selling. No other section of my portfolio holds such a risk, but the profit potential makes it well worthwhile (IMO) ! Plus, it's entertaining. : ) Have a good weekend.