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

To: mark silvers who wrote (18761)	4/27/1999 12:42:00 PM
From: Tom Frederick	Respond to of 20681

Mark, *OT* I think you have hit that one dead on. Who benefits from the application and use of the J/L process is a very big and important question. If Mr. Gardner is successful, we may never know and it won't matter. It would be legal suicide to fight Mr. Gardner if his process produces good results because anyone who fights for a change at that point must be doing it for reasons other than the good of the company. And if Mr. Gardner does NOT succeed, then J/L can have at it. But as Henry has pointed out, there is no honor is knowingly running up a price on hype just to let those who want to get out, do so. And J/L had their shot at Naxos to accomplish that to the tune of several hundred thousand dollars of our money. So I don't know what would be different now or even a good reason why a return to J/L would even have the effect of a rising price. MGAU is stalled at $2.00 and that is WITH recovery numbers. Hopefully we will have a much more clear picture of just where we are in just a few days and we can finally close this long and difficult chapter in the history of Naxos and, with the confidence of having a recovery process that works, move on to proving up just how big this property really is. Good luck to us all. Tom F.

To: mark silvers who wrote (18761)	4/27/1999 1:31:00 PM
From: Scott Corey	Read Replies (1) \| Respond to of 20681

MarK: Does your comment regarding the "next dissidents" imply that you believe the Father Gregory group will oust current management by receiving sufficient proxies to replace the board? Please clarify. Also, does anyone know if the Naxos web-site is up and running? I have tried to go there but I get a reply that the server is not responding. Has anyone been there lately and can we vote our shares electronically from that site? That would avoid trying to get mail to Vancouver overnight. Scott

To: mark silvers who wrote (18761)	4/27/1999 2:58:00 PM
From: Ron	Read Replies (1) \| Respond to of 20681

J/L technology?? Did I miss something?? Press Release - March 31, 1999 (MG NATURAL RESOURCES) (MGAU) MG Completes Acquisition of Johnson-Lett Technology MG Natural Resources Corporation (MG) is pleased to announce acquisition of all the Johnson-Lett & Company (J-L) technology for the assay and recovery of precious metals from refractory ore. On December 1, 1998, MG announced an agreement with J-L permitting MG management time for a Due Diligence Program to evaluate their technology.