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

To: Tom Frederick who wrote (15960)	9/1/1998 7:01:00 PM
From: ShoppinTheNet	Read Replies (2) \| Respond to of 20681

"We all need to listen carefully to what the ground rules and will be in the next chapter of the Naxos story and make up our own minds if we want to "play" another round." I agree with this statement but let's quit sugar coating our gambling chips and put the true Naxos cards on the table. First what is the true story in Venezuela? Has it been sold off for pennies on the dollar as some have alluded to? Or is it worth $3 to $4 like others have said? If so why the low value for Naxos? When it was last running was it making money? Was it processing its tailings or others? What was the arrangement? If it was sold to who and why? If Norton is so hot at running a mine why did this have to be sold off? Why not just show us his stuff on this baby? The company has (lets guess) less then $2 million in the bank. The stock is trading for chump change (less then the mim. bet for black jack). Naxos has 30 plus million shares already floating. A new PP floated to develop that Naxos dream would require additional funds. Let's say 2 million is needed right now. At 69 cents a share and a pp at 50 cents with options for $1 a year from now, well that's a nice 27% dilution factor. (No Henry I'm crying just being realistic) Oh and what are the conditions of the prior PP's will they get retroactive deals due to the new PP? This research has been going on for 10 years. How much longer will it take to get that puzzle figured out? How many new PP's will be required? It the burn rate continues and new money is not available who will own FL when the slot machine pays out? What is Norton's College background? How many theraders know the true story on this question and fought like heck to keep it from being discussed? Why did you fight so hard on this issue? Why will Naxos not publicly state what it is? What is his value to Naxos? Does he have a contract to stay? What makes you think he could buy an unprofitable mine from some company and make it run in today's conditions? If this is such a hot concept why are the majors not doing this? Why are the majors closing down mines at this point? Why have the majors not hired Norton away from Naxos to do the same? What does he posses that other experts in the field don't have? How long will it take to get a report on the J&L method from Brian Russell? What is Russell getting paid for this and how? If it does work out how many shares will J&L get from the deal? How many will Russell get? What will all this stock dilution have on David Snow's estimated Naxos numbers? If Sid and Smith are in New York talking to investors what story are they telling? Why are they not telling their current shareholders the same story? What is up with the ASC hearings and what will be the cost to Naxos for this fight? What is Leduc doing? Looking at all these questions one can clearly see that the risk reward factor gets tilted more each day making 69 cents look like the stock is flying high. Naxos needs to prove something or take Bobs advice. Place a good bet. Lets see what celebrity looks like they may be next to go? Has the grim reaper come and gone leaving the restricted shareholder behind to determine if they are realy dead lurking Ghosts destined to spend their life debating how much gold is in them thar hills and what method will unlock them from their fate?