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

To: Chuca Marsh who wrote (15765)	8/20/1998 12:38:00 AM
From: GlobalMarine	Read Replies (3) \| Respond to of 20681

Chuca: In baseball, at least you have a shot at a home run. I'm beginning to think that Naxos's california playa may have a better shot at success than Maxam's Arizona dirt. Naxos has money in the bank, Maxam not. Naxos has a top guy in Russell researching the JL process; Maxam has Hewlett this, Hewlett that, Hewlett has done all these tests, Hewlett's a top mining guy, Hewlett's patent, Hewlett's recovery process, Hewlett's Reaction System, Hewlett's mines ran out of ore, Hewlett's ore reserve calculations, Hewlett's leach tests, Hewlett whatever. Naxos has COC drilling results by BD/Ledoux in 1997, Maxam's COC pilot plant is on the backburner. Naxos has many shareholders, Maxam one shareholder controlling the company. Naxos's shareholders can influence management. Maxam's shareholders not. Ledoux and platinum cartel are scared of Naxos succeeding, but they don't care about Maxam. Naxos's southernmost hole from 1997 looks promising for conventional recovery, Maxam has a secret process...we can't discuss it, we don't talk about the recovery process, it's proprietary, we don't go into that, we won't disclose it, whatever. Naxos can raise cash, Maxam what cash? Naxos reports its financial position, Maxam doesn't...besides, what financial position? Naxos holds votes at the AGM, Maxam what the hell does it matter because the CEO controls the company. Naxos has a few other recovery process to try, Maxam what other process? Other the other hand, Maxam has a nice company baseball cap. Naxos doesn't have a cap. Hmm, I guess it evens out in the end.