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

To: Jerry in Omaha who wrote (15832)	8/21/1998 4:02:00 PM
From: Larry Macklin	Read Replies (2) \| Respond to of 20681

JERRY, The first sentance on naxos webpage states that " Naxos Resources is a canadian based junior resource company engaged in the exploration, aquisition, development and operation of mining and mineral properties". Maybe i am an idiot but when you aquire a property with the intention of developing and operating a mine on that property i can not see how any sensible person could consider that as strictly a real estate transaction. It is clear to any logical person that the purpose of aquiring such a property is to research and develop that property for the purpose of producing precious metals. To me at least, that makes them a precious metals research and development company and not a real estate company. You can quote websters dictionary all you want but that doesn't change the companys objectives and goals. Larry Macklin