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Gold/Mining/Energy : Royal Oak-RYO

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To: Mike G who wrote (997)	6/20/1998 9:16:00 PM
From: Michael Bidder	Read Replies (1) of 1706

Keeping the thread alive!... News Flash!.....$320,000 suit filed by electrical supplier Royal Oak Mines Inc RYO Shares issued 140795079 1998-06-18 close $1.21 Friday Jun 19 1998 by Brent Mudry Royal Oak Mines faces a $320,000 suit from an unhappy supplier to its Kemess South mine project. In a statement of claim filed Thursday in B.C. Supreme Court, Hampton Power Products, based in Ontario, claims it supplied $419,613 of assorted electrical equipment related to ore processing for the mine from November to February, but Royal Oak has only paid $100,000 to date. Lawyer Simon Read of Vancouver seeks $319,613. A statement of defence has not yet been filed. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Mike, a question for you. What value do you put on an uneconomic operation? Michael Bidder.

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