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

To: mark silvers who wrote (15330)	8/7/1998 5:08:00 PM
From: Wayland	Read Replies (1) \| Respond to of 20681

Mark, Public statement often does not present the real picture. How supportive is Sid to J/L methodology? Is he a believer or doubter? Recent statments made by number of people,(though unconfirmed): - Sid has not been supportive towards J/L. - Johnson finds it very difficult to work with Sid and his management. - Johnson is prepared to quit Naxos because unable to work out deal with Sid and the managment. - Sid is threatening to sue Johnson. Though I don't believe 100 percent what others say, it does raise some doubt how committed is the managment in the pursue of the J/L technology. Johnson is probably asking for the moon. But, there must be some room of negotiation to work out a deal that benefits both parites. I was told many explorations on the desert dirt with conventional method have failed. Looks like our hope is to go with the unconventional means. It is risky. But, at this stage, can we afford not to take the risk? We all know J/L technology had not been proven to be consistent in the past. But, recently we heard good improvement. Even Sid said Dr. Russel's report is encouraging. Is Ledoux's assay more consistent tha J/L? Is Ledoux's assay protocol has been improving? With limited time and resources, can we afford to pursue both SFA and J/L? Is Dr. Johnson going to stick with Naxos forever? I sure hope our management, Sid or whoever comes after him, can make the right choice. Wayland