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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (1137)	8/3/1998 3:13:00 AM
From: Mike G	Read Replies (1) of 1706

Michael - your last post almost sounds like you are panicking. Why don't you cover your short position now, and then you won't have to worry about it any more. You stated - >at a minimum before the Bankruptcy announcement. You make this sound as if it is imminent within the next few months. Remember that RYO is in a sound financial position at least until the year 2000. There are about 7 million shares that are short on RYO, but remember there are about 133 million that are long. Everytime the Canadian dollar goes down, it makes RYO stronger financially, maybe someone should tell that to the texas people shorting this thing, although they probably don't see this happening, they are too far removed. I am tired of you comparing RYO to Pegasus as there is no comparison. RYO is lean and mean, Pegasus was a high flyer, literaly, flying 2 jets around until the day they went under, this doesn't apply to RYO. Mike G

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