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Gold/Mining/Energy : Royal Oak-RYO

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To: dan pearson who wrote (1035)7/3/1998 12:57:00 AM
From: Michael Bidder   of 1706
 
dan, RYO market cap >$123 million USD!!

Had you taken my advice in Dec. when the price was twice what it is now you would have saved the loss of 50% of your investment.

The $102,000 a day in interest payments combined with the red ink flowing from Kemess will sink this company.

In the fall Royal will be winterizing her operations. This is an expensive proposition, just at a time when another interest payment is coming due.

Royal's Market cap is off 50% from when I started my negative posting. I was ether right or I am having an effect.

Micheal Bidder (on it till the end.)
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