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

To: GOGI who wrote (17415)	12/31/1998 9:02:00 AM
From: Tom Frederick	Respond to of 20681

Happy New Year to all! Let's hope this is the year all Naxos shareholders are rewarded for their superhuman patience and fortitude. Tom F.

To: GOGI who wrote (17415)	4/28/1999 6:00:00 AM
From: GOGI	Respond to of 20681

I've been watching the new posts on the J/L process and it's alledged success with another desert dirt. I still don't see any reason to change horses. We don't have long to wait for our annual shareholders meeting and neither does the other company who is alledged to be using the J/L process successfully. Mr. Gardner has pursued a balanced and rational approach. He could still have success at Franklin Lake. I'm more concerned about the $700,000 plus dollars loaned to Mr. John by Naxos, to buy Naxos shares by exercising his options, some time ago. That seems to me to be money that we should be collecting to increase our efforts at Franklin Lake. How long before that litigation is over? Can we get a reasonable settlement, like at least $500,000? Mr. Gardner has done a good job, and I am sure that if the J/L process proves to be viable at Franklin Lake that Mr. Gardner will cut a good deal for us with the right people. But I would be surprised if the J/L process works at Franklin Lake, since J/L came up with zip in the past with their process at Franklin Lake. If I am wrong and the J/L process can work at Franklin Lake, then I am still not for giving a large part of Naxos to the J/L people. I would prefer a portion of the net profits go to the J/L people for performance. If they couldn't be gotten for that, then I don't want to be taken for a ride by them. I've seen too many statements offered as fact in the last three or four years that turned out not to be fact. It is still not a fact, yet, that the J/L process is working on another desert dirts property. However, I acknowledge that it has been repeatedly reported as fact in the posts on this thread in the past few days. GOGI