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

To: ShoppinTheNet who wrote (12429)	4/29/1998 2:57:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Mr. 2, What I am getting at is simply this. We invest to make money and only in some unique situations do we invest for any other reason. If we look at an investment, review the potential, analyze the risks, consider the likelyhood for success and then decide to jump in or move on. If we jump in with the full knowledge that what we got involved with was highly speculative and very likely to be a volatile investment (which is the nature of virtually all exploratory companies) we get the good with the bad. If we are not comfortable with a situation that is this volatile, it was not the right choice for investing. Move on. It is not your wife, it's money. Take it and put it somewhere you CAN have an influence or be part of a more structured stockholder base. But the fact is Naxos has not gotten more volatile, it has gotten more controlled and focused especially over the last year or so. So if anyone was making the choice to invest more than a year ago, they should have fully expected it would be a wild ride with a great POTENTIAL payout, but certainly no guarantees. Does this absolve Naxos for all errors and missteps? Of course not, but to tell you the truth I have not been surprised some of these things happened. Again, I will say that only because of the potential upside potential of Naxos do we get to uptight about current events. Let's be honest though. Naxos is in a better position than ever to make serious forward progress. I won't bore you with the details again. My position is this... to complain about Naxos mistakes is like complaining about the lack of experience of our U.S. hockey team from the last great Olympic hockey series against the then USSR. I'll be willing to bet some people in the stands were bitching and griping that the young inexperienced team was no match for the Soviet pros critiquing every shot, every check, every block. The fact was, when it came down to the end, they had what it took to win and surprise the whole world. And we have invested in the U.S. here. Not the pros. And you know what? They may just pull this thing off! And boy will these fans be happy! Tom F.