Hello Ron and Bobby;
RYO is like having a savings account,with a guarantee,almost like the way the government backs up savings accounts in a bank,the guarantee is Margaret Whitte,she has to be the best female CEO with the biggest set of balls on a woman in the bussiness(hopefully this does not offend anyone),She earned my respect a couple of years ago when she took on Barrick in the takeover battle for Lac Minerals.Everyone thought she lost,"like hell" she made a packet of cash for RYO that year and was able to use that cash to aquire more prospects for RYO.This lady means bussiness,she wants to take RYO to the senior ranks,and gentlemen she will.In four years they will be producing over 1,000,000 oz/au equivilent at less than $250:00/oz,so they won't be at this price in the year 2000.Last month I was reading an insider report and guess who bought over a million shares of her favourite co,"Maggie girl',now if that isn't putting money where your mouth is.There is another angle to RYO,and that is they have controlling interest in a company called Highwood resources,they are into rare earth materials.Early this year they merged with Mountain Minerals.Apparrently John Kaiser feels that RYO is going to make this company run,it is currently around $1:00/sh.This angle should be interesting,if I get time I'll try and dig It out and get it to you guys.
Also I haven't had time to get my list to send to you two gentlemen,but they won't go away.Like Ron says there is always a cheaper opportuninty if you have the patience.Many of them have been talked about on the safe and undervalued thread anyway.
Gentlemen may I erge you to take a look at the Mexican thread and also the Valdez thread,you might find it interesting.
With regards,Frank
P.S.RYO is better than a bank,If you put $10,000 into a bank to-day and leave it till the year 2000 what will you have,not much.With RYO you will probably have no less than $20,000,most likely more.This would be a great stock for one to have tucked away in one's RRSP,then all the growth is yours. |
