Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: tcarnes who wrote (8378)	12/15/1997 4:16:00 AM
From: Michael Bidder	Read Replies (3) of 9285

Check out the Royal Oak short. The short position is growing very large (over 2 million) while the buy retoric on the threads is as strong as ever. There loosing cash at a tremendous rate and their Gaint Mine is prime for a write down. Insufficiant funds to meet comitments on ther Kemess mine. Just as well IMO it is to low grade to mine with price of gold under $400/oz. Just my opionion mind you. I base it on the companies unrealistic projections in the past. Every quarterly report is full of cheer and still the company hemmorages. And the stock drops !! But the buy retoric still flows. I expect a severe attack for my opinions. But as the price of the stock drops so to will the posters forgive me for my doomsday predictions. Who can argue with sucess. Also see Echo Bay Mines and Pegasus. Pay particular attention to the projections for Mt. Todd by the company vs. the actual performance of the operation. Kemess could be a similar disaster. But the cash, 78 million is apparently on its way. Oh thank heavens ! A philanthrpist among us.

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