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Gold/Mining/Energy : Royal Oak-RYO

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To: Thomas P. Talbot who wrote (931)	4/17/1998 10:08:00 AM
From: scott	Read Replies (2) of 1706

sorry, her best is simply not good enough to run this company. in the capital markets, one cannot afford to be anything else but ruthless. yes, a deal will probable consumated. at the end of the day, ryo has to do a deal with the bondholders-20% of the company is better for the shareholders than losing it all. i also assume, one of the conditions will include the removal of peggy. the markets have given her a roaring vote of non-confidence. one thing does perplex me. u must be an interesting observer-i cant believe a stakeholder would be this complacent.

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