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: Random Walk who wrote (11731)	4/13/1998 1:44:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

Sixty days ago it was trading in the five's. That's how its down. Let's not deny reality. The fact is the stock is drifting lower. That does not mean we should ignore that the fundamentals appear to have improved although I find myself very impatient (as in near the end of my patience) at this point. I comfort myself by knowing that with my record for selecting investments, just as soon as I sell the price will go up. I'm resisting that temptation to sell early. JLA

To: Random Walk who wrote (11731)	4/13/1998 2:43:00 PM
From: Jim	Read Replies (1) \| Respond to of 20681

Don, You mention that Kim may have "hidden" in his message the expectation of lower numbers...from where do you derive this information ? Are you aware of any numbers being discussed in regards to BD COC holes 1, 2 or 3 ? Please share with us your basis for this comment, or is this strictly your interpretation of what Kim meant when he was elaborating on the feasibility of Naxos in comparison with other mines ? Just curious... Jim

To: Random Walk who wrote (11731)	4/13/1998 3:39:00 PM
From: Tom Frederick	Respond to of 20681

Mr. Schreiber, it may very well be that Naxos has never been worth $10.50 per share and that rise was simply a result of supply and demand at the time (too few sellers) as opposed to a market determining company value. If you talk to any serious mining person who understands how the market values these exploration properties, we are probably valued about right with the limited information we have. Especially since FL represents a whole new approach in mining in a volume never before even contemplated. Naxos is set up now to give the stockholders and the market a real, verifiable glimpse into what FL holds. The ball is in their court. They have the labs (Even Ledoux alone is enough), the material (5 BD plus 68 new holes), the management (Mr. Norton plus more to come). Let's see if they can sink one before the buzzer for many of these investors. Tom F.