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

To: MIKE MORGAN who wrote (10034)	3/13/1998 11:46:00 PM
From: knight	Read Replies (1) \| Respond to of 20681

Mike, >>>sorry I had to agree with some of the clowns who have been posting on this thread....... <<< You picked my post to reply to, should I be wearing my red nose and pink hair? :-)) Good post, maybe this change in CEO's will help. Good to see the new candidate being selected by a group of SH's, provided the new CEO isn't a crony of the existing BOD. That's what I'll be looking for, if it isn't an arms length selection, then nothings changed.

To: MIKE MORGAN who wrote (10034)	3/14/1998 2:13:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Mike I am just starting to go through 50 posts so I dont know if youhave been answered or not poreviously, but you are so wrong it is scary. to get to the heart of the matter, your synopsis of the chain of passage of COC ore is erroneous. It does not go through anywhere near all of those people's hands. In addition, every where it does go, it remains COC UNTIL THE SEAL IS BROKEN! Mark

To: MIKE MORGAN who wrote (10034)	3/14/1998 10:50:00 AM
From: Eric Tai	Respond to of 20681

Mike, Nice to hear from an old Naxos shareholder like you. I remember the big guys (Buffet, Graham) liked to say, don't just buy shares but buy into that business. And so I agree with you that if you can't trust the big stakeholders, there is no point to be a partner in that business, you should probably get out and I believe you had sold out at a real good price. I just have a comment about the COMPLETE SET OF DATA from "top to bottom". If we look at any drilling results from any mining company, very likely we will see something like: hole #97-18 121-145 feet 0.12 opt Does that mean that they only drill a portion of the hole 121-145 feet and what happened to the rest of the hole? The industry default is to only report on those results that are significant. Anything not reported is assumed to be trace. They don't have to explain it and most shareholders understand it. There are very few instances that you ever saw complete set of data from top to bottom. So whenever I saw Naxos issuing results on some portion of the hole I will assume that the rest are insignificant unless proven otherwise. That's why I and a few others keep saying don't assume that the material are homogeneous and don't assume that any portion of results can be extrapolated across the hole area. Even if it is homogeneous, we still need lots of holes to prove that this is really the case. And if it is not homogeneous, we will need drilling thousands of holes in 50 feet by 50 feet spacing across the whole area to find out what and how much is actually there. So in any cases, this is just a beginning and any dreams of 10 baggers, 100 baggers etc are pre-mature and far far into the future. So that's why I don't think that talking of a $100, $1000 or even $10000 stock is a good idea. Just let the results come in, then continue to see and evaluate what's there. If there is too big a dream, there may be a corresponding big disappointment.