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

To: mark silvers who wrote (13023)	5/19/1998 9:40:00 AM
From: Tom Frederick	Respond to of 20681

Mark, I am in for a brief stop this morning but I wanted to extend your comment if I may. When things are posted like "we need to bounce off the bottom" it appears as if we stockholders are controling the price in some way other than buying like crazy. Additionally, it again emphasizes that too much focus is on the latest price and not on progress. To have a hole a mile away from the tight grid to show gold from top to bottom is VERY good news. However, for the many stockholders who bought on the sole premise that FL was a multiple ounce per ton deposit, this last release was very disappointing. It is time for shareholders who are not happy to face a simple reality. Naxos has taken a few steps back in order to move forward. And those steps back were in the form of getting back to standard testing methods in order to get industry acceptance. The down side to this is that we will NOT see any more multiple ounce test results with the current method of testing. Also, we will NOT see all the PGM's reported (according to the current plan) for this specific drill program. We have to readjust our thinking to look at this as a very straightforward, standard format mine with standard format test results. But with a REALLY BIG ore body. For anyone who is going to freak with every new release that DOESN'T have really big OPT's, it's time to accept that this is the path that Naxos has taken. Take a deep breath, readjust your expectations and realize this is one heck of a deep, wide, and rich ore deposit. Kim has worked very hard to dig up what he can to show us that FL is a straight down the middle economical deposit by all U.S. standards. If we can look at this with a fresh approach, we might all feel alot better. As far as the price goes, it doesn't take much to move this stock down. All you need is a few large shareholders who bought on the premise that this was a HUGE multiple opt deposit who don't know any more than that and the selling begins. And then when the selling starts, many others assume that someone else knows more about something than they do so THEY sell so as to not get caught with a worthless stock. Well, that last release assures me that FL contains more gold than we can even hope for. And THAT much gold will be enough for SOMEONE to want to own it. Enough said. Hang in there everyone, the news is good but not what many expected. Regards, Tom F.

To: mark silvers who wrote (13023)	5/19/1998 9:41:00 AM
From: Jerry in Omaha	Read Replies (3) \| Respond to of 20681

Mr. Silvers, <<Why?>> I get my information from real world experience; like being trained to be a military scuba diver. In order to remain a PJ we had to perform a variety of job related tasks every quarter, one of which was a parachute jump from 1500' into the ocean in full scuba gear, ditch the chute and dive to 120' for what we called, "touch-and-go." That means you touch the bottom and immediately depart for the surface. To linger was to get hurt or to die. Mr. Mazzarella has his TA shapes and forms for comparison and so do I. This recent Naxos experience matches the shape and form of one of my old scuba jumps with deep dive. We're now at that touch-and-go part. And I say again, Go, Naxos! Jerard P