Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Frederick who wrote (15965)	9/2/1998 6:35:00 PM
From: ShoppinTheNet	Read Replies (1) \| Respond to of 20681

" I believe what Naxos will likely do is find smaller properties which don't produce the volume that larger firms need to justify their interest, and buy them up now while they are available for deep discounts. Then, they get them running efficiently and profitably and start producing real cash flow sufficient to support the much smaller infrastructure of a Naxos vs. a Barrick or Angogold." If Naxos can do the above we need to ask ourselves two questions. (1) How much will it cost to develop the new properties from the purchase point, through development, and for the time period until conditions are ripe for selling them off at a large profit of till a time when it is economical to operate the said property with a positive cash flow? (2) Who will fund the amount needed in number one? How much dilution to the current stock holders will this cause? Will current stock holders be left holding the bag? Have you ever been taken on a snipe hunting exposition that you were aware of? Regarding you buying all you can get I made that up as the opposite of you saying that if one has questions regarding this stock you should sell. I say if you and PJ are so sold on this and you are willing to ignore the knock of the grim reaper then put all you have in to this stock. Please post for all to see the list of properties that Mr Norton has responsible for developing in the past and your source for that info. I am not interested in properties he may have worked for or on that he was not the big guy in charge. I want to know the properties he was the main man on.