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Gold/Mining/Energy : Royal Oak-RYO
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To: Michael Bidder who wrote (1118)7/28/1998 12:35:00 AM
From: Elizabeth Andrews  Read Replies (1) of 1706
 
As I said, let's let the next financial statements drive the discussion. I admire your dogmatism. But the facts are the facts. Unless you are a disgruntled company employee who isn't able to express himself I don't see why you are guessing at this point in the cycle? None of the management has a view other than Peg's.
The problem with the company is that the entire management group is disenfranchised. Peg has the only and all the balls, in her view, and no one can make a decision but her. It does appear, however, that her ability to make sound business decisions on behalf of all shareholders is being compromised by the day. According to my sorce, it has never been very good. My source was amazed that she pulled off the Trilon deal and he doesn't know what the real consideration may have been. So, Michael, you may be right about the outcome of RYO but for the wrong reasons. Capricious, huh? Have you been in the barrel?
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