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Gold/Mining/Energy : Royal Oak-RYO
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To: Mike G who wrote (1033)6/28/1998 10:05:00 PM
From: Karen E Hoof   of 1706
 
Mike G.....Thank you very much for your communication on RYO annual meeting....As you report, it seems that our investments will not only survive but also prosper as events warrent. We, in our investment in RYO, appear to be in one of the few gold producers that in this very tough time has been able to secure financing, and do the fight to survive....and with the use of Trilon financing for the needs of the company (general fund), that gets us through the 1999 year....I think that we are in good stead....Thank you again, for your detailed report....Karen
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