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: Larry Macklin who wrote (16325)	9/16/1998 7:53:00 PM
From: soxan	Read Replies (1) \| Respond to of 20681

Hi Larry, I bet you didn't know Laminco Resources had a thread on SI, although not a hot bed of activeity. Somewhat interesting though. Also I was asking the thread last night if anyone else thought that our mgt. knew what was in the Russell Report, and that I thought they must have it in hand because of the news release. Why would we publicly let everyone know of our ongoing financial committment to J/L unless mgt. knows the report will be good? What are you thoughts? Also Henry, JLA, Mark,Tom,and ok Mr.2 tanks soxan

To: Larry Macklin who wrote (16325)	9/17/1998 5:36:00 PM
From: BGM	Read Replies (1) \| Respond to of 20681

Larry: It has been a slow posting day considering we had two announcements. I guess everyone still wants to know where the beef is. With regard to verification, I am still more concerned with FL than these other properties. This work by JL would still seem to me to need some chain of custody and third party verification. Hopefully LeDoux is of value there, and hopefully the relationship between Naxos and LeDoux will permit us to use that value. If LeDoux still stands by previous numbers, then these are from efforts using JL methodology to some extent. We still need very much to know where we stand with LeDoux. Brad Mertz

To: Larry Macklin who wrote (16325)	9/22/1998 8:47:00 AM
From: Max Haber	Read Replies (1) \| Respond to of 20681

Larry- having new board member, a shareholder, deal with Austin Lett does appear to be the right decision, and working for everyone involved. Since 99% of all Naxos shareholders purchased the stock on the basis and potential of Franklin Lake I am glad to see some forward movement there. If Johnson /Lett can get some acceptable numbers in the next two week, chain of custody of course, I think you will see the stock start to wake up again. Timing could actually be good here. If Mr. Summers and the other new board members continue to focus on showing shareholders that the development of Franklin Lake is moving forward, and economic numbers are released, and that the pilot plant work has begun, the stock will move and people will start to flooding the company with cash by exercising warrants and options. Clearly the single best method for funding the company at this point. Larry you stated that CPM and other financial institutions would fund these new projects such as the one in Mexico. That would be a great testament of the newly acquired properties and management. The absolute WORST thing to do at this point would be to dilute the stock and the shareholders interest in Franklin Lake. Like the new members of the board of directors I purchased stock in Naxos Resources for the potential of Franklin Lake. Mostly (all)at multiples of yesterdays close. If Naxos now chooses to increase shareholder value by adding conventional properties like the copper property in Mexico and potentially others, lets not rush to dilute the value of each shareholders percentage ownership in Franklin Lake until all avenues, like the newly signed Johnson/Lett agreement have had a chance to play out. Positive news from Franklin Lake moved the stock handsomely before and very likely has the potential to do so again. Lets keep the focus on Franklin Lake and get the stock moving. There are literally millions of warrants and options outstanding. With a couple of new properties funded by CPM or institutions, and positive results coming from Franklin Lake and the pilot plant up and running, any new expansion could be funded by those exercising warrants and options. Potentially tens of millions of dollars. I'm sure the new board of directors realize that individuals and especially institutions hate the thought of having their holdings diluted. The market, evident by the current price of the stock, is obviously gravely concerned about a massive dilution coming. Lets be sure that the properties being acquired are of such a high quality that they can be 100% bank financed, thereby not diluting each and every shareholders interest in Franklin Lake. Max Haber