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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (1163)	8/6/1998 11:25:00 AM
From: tom shelby	Read Replies (3) of 1706

"Sustained losses are always terminal" I agree with this statement however it does NOT apply to Royal Oak. For the three month period ending March 31, 1998 Royal Oak reported operating income of $3,183,000 and net income of $2,260,000. Please note that net income is after all interest expense. I can read a financial statement and suggest others do the same. They can be found at royal-oak-mines.com I have enjoyed the posts of Michael and Mike please keep it up.

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