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Gold/Mining/Energy : Royal Oak-RYO

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To: Bill Jackson who wrote (713)	3/15/1998 10:18:00 AM
From: JCgold3	Read Replies (2) of 1706

Bill, in Post 707 you stated that RYO needed to get the funds this week. I agree with all of your points in your last post but am still trying to get a handle on how much time RYO management has to either get funding sell the company, or partner on Kemess. The formal bondholder debt default date is certainly a major date as RYO loses control of their own destiny on that date. The day they run out of cash is another. What happens if they don't get the funds this week? What is the impact that you implied in Post 707? As a shareholder I'm trying to assess the risk of each additional day I hold. I realize the long term potential reward and the short term gains of an acquisition,should that occur but am more concerned with a Chapter 11 bankruptcy. Thanks for your input. John Connell

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