Royal Oak-RYO Message Board

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Gold/Mining/Energy : Royal Oak-RYO

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To: Mike G who wrote (1006)	6/23/1998 3:16:00 AM
From: Michael Bidder	Read Replies (1) of 1706

Mike you sound like a nice enough guy. I just want you to read through the financials before you lose the rest of your investment. Over the course of the next few weeks I will be highlighting Royal Oaks financials to all on this thread. Lets see where this takes us? Responding to you view that: " It seems there are people wanting to play up this negative publicity..." Royal Oak's market capitalization is $122 million US at 7/8! This is a gross distortion of reality. With 70 million in interest payments due to secured lenders and no way to pay this interest it is over for RYO. Even Royal Oaks unrealistically positive projections don't generate this kind of cash. The outcome is a loss of Kemess to the secured note holders. (This is what they want.) The end. Michael Bidder

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