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

To: ShoppinTheNet who wrote (13876)	6/25/1998 8:34:00 AM
From: Henry Volquardsen	Respond to of 20681

The nonsense I was referring to in that particular post was the voting trust arrangement between JJ and J/L. We were told this was a way for JJ to insure against a hostile takeover. I'm embarassed that I didn't question that more then. However you I right that I am skeptical of J/L. I don't have a lot of information on what is currently going on between Naxos and J/L. I believe that Naxos is providing them minimal support; no cash, no personel involvement, just ore and some materials. I could be wrong on this. I don't have a problem with that level of involvment at this stage. If they decided to write it off I could accept that. I'm also willing for them to stay in touch with J/L as a possible enhancement technique. For the record I don't believe J/L is a fraud. I believe there were some questions on sampling techniques and atritter protocols that led to instability in the numbers. I don't believe we will ever see the astronomical opts that were hyped around last year. However I do believe it is possible that there can be an enhancement to current yields. Before you ask I have no idea how much but even a couple of .01 opts could have a big impact on viability. So for this reason I have no problem with Naxos staying in touch with J/L as a research vehicle. John Norton is a competent mining professional and, from what I hear, fairly conservative in this reagard and I feel comfortable with him making the call. Henry P.S. I did not forget Jay's other recommendation but felt it would be churlish of me to mention it.