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

To: Henry Volquardsen who wrote (12808)	5/13/1998 12:53:00 PM
From: soxan	Read Replies (2) \| Respond to of 20681

Hello Henry, After reading your last post, I would like to ask you and all one question. With the lack of news most recently, and what appears to be the bottom (27/8) Do you think it maybe wise to be a short term trader of Naxos. The history has always been a nice up swing before news and then a leveling out and then a decrease. I for one have never attempted to trade short term. I remain very pro Naxos as I truely believe the gold to be in the ground. So do you think it wise to buy and sell with new capital short term, and hold onto my original shares long term? tanks Soxan

To: Henry Volquardsen who wrote (12808)	5/13/1998 12:58:00 PM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Henry- A couple o'comments.. << just because some people have gotten angry about the valuation and reporting comments doesn't make them either invalid or inappropriate. FWIW I still stand by what I have said on both subjects.>> I agree totally. Just for clarification, I didnt drop it because I thought their anger made the comments invalid or innapropriate. I dropped it because I got tired of arguing about, and decided I would be civil and not try to ram my opinion down other's throats. <<If at that point the company had anyone with professional mining experience I believe it highly likely that that person would have been able to discard the superfluous parts of the process and refine it to an economical process. >> That is very true, IMO. So true, the reality of it makes me want to cry(in a very manly way though:-) ) Thanks for a very lucid post, Mark

To: Henry Volquardsen who wrote (12808)	5/13/1998 1:07:00 PM
From: SER	Respond to of 20681

Henry, Thanks for a great post. SER

To: Henry Volquardsen who wrote (12808)	5/14/1998 10:19:00 AM
From: Jerry in Omaha	Read Replies (2) \| Respond to of 20681

Mr. Volquardsen, Thank you for making such a lucid contribution to the analysis of Naxos' recent history. Your points are so forcefully presented that one is left with the feeling that all of us behaved in ways that now clearly are demonstrably irrational. It is all so clear now that any strategic risk assessment capacity we may have possessed was completely compromised by the depth and degree each of us bought into the stories being woven about the fabled Franklin Lake Deposit. <<But a lot of well intentioned people, including everyone who posts to this thread and most if not all Naxos employees, bought into these rumours. The rumours of multiple ounce per ton yields fed people's fantasies of untold riches. I still recall the 'conservative' forecasts of multiple thousand dollar share prices.>> Rumors walk the tightrope between discovered fact and the fact of the discovery. If a bridge gets you to the other side what do you care that it collapses the instant you walk off of it. Does this mean that the decision to cross the bridge in the first place was wrong? Obviously not. But now with the facts known would you still make the same crossing decision? Probably not. If a chemical scale-up to pilot plant proves impossible does it mean that all the scientists at the bench-top are ignorant, possibly lying, bastards? Multiple ounce quantities of precious metals exist at Franklin Lake. We have certified numbers to prove that. The rumored fact is these metals extend to the whole playa. That rumor tightrope is now a new drilling program which now must be walked one drill hole at a time. The discovered fact of precious metals will then be the discovery of that fact by the market place, it is hoped. Precious metals do not spontaneously generate during an assay procedure although they often can disappear leading to so called inconsistent results. The first automobiles were pretty inconsistent too with respect to starting and running; important features of an automobile. However the fact of even spotty performance was so significant that everyone began to believe that next year's model would be better and more consistent. Mr. Volquardsen, if you applied the same standards of veracity and proof to many of the technical analysis systems available to chart stocks or predict economic growth how many would pass your dubious muster? It may be true that markets will need COC but those individuals discovering those facts do not, and their confidence level and mode of expression rightly should indicate a discovery of significant fact. Dr. Groves comes to mind. As a member of a professional collective it seems you are feeling a conflict with regard to your position on the rumor tightrope between Dr. Groves on one side and COC from a new drill program on another. The individual wants to bet on Dr. Groves and the professional damn well knows he should wait for the COC. I feel your pain Mr. V, and judging from the recent spate of postings so does everyone else. <VBG> Jerard P