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

To: Henry Volquardsen who wrote (12840)	5/14/1998 2:20:00 PM
From: Stoopid	Read Replies (1) \| Respond to of 20681

Now? Buy... now. As always -- judiciously.

To: Henry Volquardsen who wrote (12840)	5/14/1998 3:00:00 PM
From: Jim	Read Replies (1) \| Respond to of 20681

To All, The posts of late are sobering as it seems that many of us are coming to the realization that we were not as careful as we should have been before becoming Naxos shareholders. I will admit that I was drawn to the stock for the all but promised ridiculous share price potential, but I was also drawn by the technical play - a "new" way of mining. It was an emotional decision rather than an intellectual one no matter how one looks at it. One could place the blame on the company for their promotion of the stock, but ultimately we all know who is responsible - ourselves. Besides, I think that the folks at Naxos do believe in FL and are trying their best to see that they are one day vindicated. How long (if ever) that will be though is anyone's guess at this point. I don't dispute that Naxos has an interesting property in FL, but if it has taken a year to analyze less than 5 holes...how long will it take to analyze 28, 68 or more ? How long too before the report from the South Africans will be complete ? Even when it has been completed, we have already been made aware that it would be for "internal use only". I have asked as well as others on this thread about the special mining equipment that was ordered to test the J/L methodology and still no one seems to know of its whereabouts. Has it been delivered ? Has it been paid for ? Maybe the July meeting will shed some light on some of these issues. For all of the loyal, long time supporters of this company I surely hope so. For me, I will continue to hold for now - but with much lower expectations of share price appreciation than I had when I originally became a shareholder. Thanks, Jim