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Gold/Mining/Energy : Royal Oak-RYO

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To: roger fontaine who wrote (1642)3/15/1999 2:16:00 AM
From: Michael M. Cubrilo   of 1706
 
How many Michaels on this thread? Anyway, I had always hoped that RYO would recover... I made money on RYO twice in the past, during better times. However, the latest Post article made me sick. During a time when hundreds of workers may lose their jobs, their homes, etc... Royal Oak Executives are using loaned money to pay life insurance premiums! What a display of poor leadership qualities... if the story is true, they should be ashamed to show their faces in public.

$600,000 for six people... just the premiums? What kind of policy is that!!! With those kind of spending habits, no wonder RYO is in the mess it is in.

Sad tale.

Mike
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