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

To: mark silvers who wrote (10614)	3/19/1998 11:33:00 AM
From: Tom Frederick	Respond to of 20681

Mark, Good points. What I am saying is that in contracts for assay and drilling there is often a selling job on both sides. The company wants to get paid but they also decide if they are working on a waste of time better spent with a client that could lead to MORE business and MORE drilling. With that in mind, getting the highest profile, highest credibility people (suppliers) to work with us all helps to build credibility. That is to say, they would be much less likely to take the job if it was a waste of time or a wild goose chase. And establishing those relationships helps the credibility of Naxos. What would you think the value of all the testing to date would have been if it was from "Tom's Assay and Beer Depot"? Look what happened to the "credibility" of IPM when "Friendship Labs and Storm door company" was announced as the source of testing. And that applies to BD as well. Again, I agree that we need an industry expert at the helm, as you said, NOT associated with the past of Naxos at all. Especially not through marriage or other vendors. When that happens, the fact that Naxos could draw a "known" name in the industry, would speak volumes to the market as a whole. But the impact as a whole for drawing a person like that will be greatly magnified if, in tandem with the ongoing efforts of Russ and others, Naxos has managed to convince potential investors to keep watching Naxos and watch who we work with. Because who they work with is the credibility by association. Your thoughts? Regards, Tom F. P.S. I'm running a special today on cases of Black Label if anyone is interested!

To: mark silvers who wrote (10614)	3/19/1998 12:31:00 PM
From: jlallen	Respond to of 20681

Mark: I disagee with you. I think we'd still be waiting for numbers from Ledoux if Fred was not involved. I think we should not underestimate the contributions Fred has made to the company. I believe Fred would be an appropriate CEO except that the company's development has progressed to the stage that a real mining pro is necessary. I wish he had been CEO for the last year I think he would make an excellent Chairman and that he is a credible individual. All the shareholders owe Fred some respect for the effort he has put into making the company a success for all of us. We can second guess him but would any of us have moved to Vancouver for a year? I know I would not so I can't judge Fred harshly at all. JLA