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

To: mark silvers who wrote (12386)	4/28/1998 8:14:00 PM
From: ShoppinTheNet	Read Replies (3) \| Respond to of 20681

Mark you asked that I tell you what my thoughts are(right now Henry is saying Mark why did you do that) so this is it! First I did not criticize the post. I agreed with it!. I think the maze analogy was the best I have ever seen regarding Naxos. I read clearly that the poster (Jason) was not talking about the current value of the stock but the chain of events we all have witnessed over the past (you fill in your time frame). I do not think we can deny that the activities are very similar to those of a mouse looking for the golden cheese while touring a maze. I can understand his concerns. I also liked Tom's use of the cheese analogy in his post as he kept with the maze theme. It should be noted that I do not follow the popular notion that Naxos got ahead of itself in terms of price. I feel that stocks often do get somewhat over priced or ahead of themselves. They do not however, get ahead of themselves to the tune of 3 times its price. Generally when solid stocks do get ahead of themselves they tend to move sideways for a long enough period of time, allowing for the price to get in sink with they true value. I myself believe that the stock commanded a price of $10 for a time due to the information on hand at the time. That information was a process (J&L) that was said to be economical and was showing assay levels of just over one once per ton. This information made the risk of holding or paying $10 for the stock reasonable for all who did indeed buy at that price. The stock now trades at a level (as Tom says) based on the worth of 1 1/2 holes and average of .1 to .23 per ton. So we are now looking at a different beast then when we were at $10. Many people have told me personally that this stock does not now offer the same potential they thought it did when the J&L process was thought to give much better results then we currently are seeing. Some of these people have sold off. It should also be noted that I do not think that the market is fooled for long. Hiding or refusing to inform the public of any pertinent facts is never a viable plan. I am not saying Naxos management is currently doing, or has done this in the past. I have got the impression from posters that we should never bring up details that may cast a dim light on the stock. I can tell you from my own experience that the market will find out every bad detail very quickly. If you truly do not intend to hurt a stockholder you disseminate all adverse information as soon as possible, other wise the inner circle benefits at the expense of the uninformed. Now you asked me what I intend to do so listen up now! First I intend to take my son the Red Socks vs. The Twinkies. I fully intend to cheer for the Twinkies while my son cheers for the winning team, the Red Socks. I intend to keep with the tradition the three of us attending the game have, and that is to meet all the people surrounding us by say 20 deep. Jr. does not enjoy the game as much if we don't do this. Next I intend to do the following regarding Naxos! I intend to monitor the activities within the maze keeping a close eye on the mouse to assure that it is not really a rat. I intend to ask questions of the Investor Relations people, and other informed individuals for important developments that are made public. I intend to cross check what I hear today from Naxos with what I was told yesterday. I will be looking for inconsistencies and truth stretchers. If I find any and think they are a major concern I will sell. I intend to monitor this thread to determine emotional swings of its stockholders and make buy, sell, and hold decisions with this in mind. I intend to hold my remaining position up until the AGM, at which time I will: (A) vote my shares for the board members who have proven to me that they are deserving of my vote. (B) determine if the course that current management has laid out appears sound and realistic. If I am not happy at this time I will sell. I will vote my shares with a group of stockholders, if they prove to me they have a platform for success. I invite any stockholder to EMail me with their thoughts in this regard. I intend to point out my concerns if and when I feel the need, and to whom I feel is the proper individual. I intend to defend the right of anyone who has a point of view and wants to post it on SI even if it is 100% against my view point. Yet I intend to defend my point of view. I will question any poster who posts a post that I am confused with, or consider to be pure hype, or is stated as factual information but is in fact only their opinion, or is acting like a spin doctor. I will continue to kid Henry but will spell his name correctly. Well at least make an attempt to spell it correctly. I will question Naxos management on any news leaks, why they exist, and demand they put an end to it. What I will not do is: Press any individual for any information that is not currently public information I will not post the views of any Naxos employee or individual except myself. I also will not post any Naxos employee or individuals comments and or views as if they were my views or ideas. I will not in wear rose colored glasses or refuse to address on this thread, or in any other forum (including the AGM) any issue I have with any matter I feel important. I will not succumb to threats or yield to pressure to any one who does not like me stating my views. I will not be a spin doctor for anyone. Last of all I will not take this to seriously or any attack on me or my views personally. Mark if any point is not clear please feel free to ask me to clarify. As a closing thought, I must say in this business your reputation and credibility is worth far more then your dirt! P.S. No statement above should suggest support or lack of support of Naxos, its partners, its stockholders, or it service providers.