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

To: Carlo who wrote (15318)	8/7/1998 2:50:00 PM
From: Charles H Donahue	Read Replies (2) \| Respond to of 20681

Carlo, right on! - 5 months wasted by Sid & Co. Not to mention that Naxos under Sid's guidance is now a penny stock. Why don't we have an agreement with J/L base upon proving up reserves? Why have we wasted 5 months and not started the prototype recovery mill? The equipment has been available for some time now. Why did we not invest the money into the prototype recovery process instead of more tests by Russell Smith? Is the answer not in the the recovery process rather than in the assay process? If we have not had enough ???*? assays in the past three years? How many more do we need? What has the "new" management employees from S.A. done to further the recovery process, the value of the Co?. Frustrated? Yes. This Co. needs a business man not a Lawyer. When will this Saga end?

To: Carlo who wrote (15318)	8/8/1998 2:20:00 PM
From: Max Haber	Read Replies (2) \| Respond to of 20681

CARLO, LETS GET AN AGREEMENT WITH JOHNSON AND LETT (BASED ON THIRD PARTY COC, ECT. OF COURSE) AND LET MR. LETT AND MR. ARKOOSH RUN NAXOS USA (FRANKLIN LAKE). SID , JEREMY AND JOHN NORTON, ALONG WITH HELP FROM CPM @ CO. CAN CONTINUE TO PERSUE OTHER PRORERTIES AND BRING ADDTIONAL VALUE INTO THE COMANY. HAVING ONE MANAGEMENT TEAM TRYING TO DO THE UNCONVENTIONAL AND PERSUE TADITIONAL MINING DOES NOT APPEAR TO BE THAT EFFECTIVE. NAXOS CLOSED AT 7/8 ON FRIDAY MAX HABER