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Gold/Mining/Energy : Royal Oak-RYO

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To: Grant Baker who wrote (509)	12/3/1997 6:23:00 PM
From: Madharry	Read Replies (3) of 1706

I have my own fears about why this stock is so beaten down and they are now focused on two items. 1/ someone mentioned that the company's line of credit with a bank had expired and not been renewed. 2/ I believe that someone out there is confident that this mine is not going to be completed, because if it is, the company is probably worth $4-$6 US. 3/ The other possibility is some clever company out there shorting the stock and driving it down and then appearing as the white knight offering to purchase it at a 50% premium to the market. Is this farfetched? Any comments are welcome

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