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

To: Stoopid who wrote (14330)	7/16/1998 7:54:00 PM
From: knight	Respond to of 20681

Stoop, looks to me like LeDoux screwed up. Hard to believe a reputable company could do this. Sounds like they are having trouble with the playa material and are running into some kind of tech problem. I still find these developments hard to take, considering LD has been working with Naxos for some time now. I dunno', something doesn't add up here.

To: Stoopid who wrote (14330)	7/16/1998 8:00:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 20681

Stoop, <<Who has the alleged problem??>> Us longs. Ledoux had the assay problem, but we'll take the hit.

To: Stoopid who wrote (14330)	7/16/1998 9:18:00 PM
From: sh	Read Replies (2) \| Respond to of 20681

Stoo, this is a strange situation indeed. How could Ledoux do it wrong??? I don't know what to say. When something is this ambiguous, I would think the results should not be released until the ambiguity is resolved (despite admitted shareholder, including myself, hunger for results). Otherwise, we are going to have wholesale speculation here, and I doubt any of it is going to be positive. I know the company is concerned with proper reporting, particularly with the ASC hearing going on. However, I'm not so sure that not reporting until Ledoux provides a clear (or at least clearer) picture of the problem would be improper (that is, assuming the problem is at Ledoux's end, it may not be). Clarification is needed desperately from a Naxos representative like Kim B.