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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (1096)	7/23/1998 1:12:00 PM
From: Elizabeth Andrews	Read Replies (2) of 1706

Dear Michael, I made several points, on which am I wrong? You are clearly in the advanced dogmatic stage of your career as a speculator. Blanket statements are a sign of the disease. You are probably a great danger to yourself but you are likely to be young and inexperienced for whom such a malady is common. By the way, I don't own RYO and I'm not short. It's an interesting story of maximizing the value of poor assets to the benefit of one person. However, it's the things that neither you nor Peggy can control that will likely determine the outcome for the equity of RYO. Remember, the numbers only tell you what happened.

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