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


To: Paul Salber who wrote (12785)5/12/1998 4:23:00 PM
From: Max Haber  Read Replies (3) | Respond to of 20681
 
Paul, most majors do not report findings until the entire drill program is finished.

Take a look and see if you can any major that reports results, hole by hole by hole. Probably cannot find any, not one.

Naxos, I believe, would be well within the reporting guidelines if they complete the current 40 hole drill program, and made no announcements, or interim status reports, until the entire program is finished.

Most mining companies report to shareholders on a quarterly basis if that often.

What other companies do you follow that give updates every two week?

I would prefer to see a comprehensive announcement vs. a hole and a half every two weeks.

Paul, this thread has always been good as a sentiment indicator (contrary opinion). Does your new found nervousness indicate a bottom could be at hand?

Max