SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Royal Oak-RYO
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Bidder who wrote (1175)8/12/1998 8:55:00 PM
From: tom shelby  Read Replies (3) of 1706
 
Be careful of the words you use. At least one company (see Antares Mining ANZ.T) has threatened legal action against a poster for libel. I am not putting you in that category just bringing it to your attention.

Numerous studies have been conducted all stating that there is gold and that it can be mined at a profit. Is there risk? yes Are there unknowns? yes Bre-X and Royal Oak are not comparable. Bre-X was a fraud with no gold. Royal Oak has gold with numerous independent tests and reports which confirm it. That is a far cry from deception.

In previous post you stated words to the effect that Royal Oak has admitted that Kemess is losing money. I repeat my challenge to you. WHERE HAS ROYAL OAK ADMITTED THAT?

Why are you waiting for the second quarter results? The first quarter's results showed that Royal Oak was making money. Instead of acknowledging this fact. You stated this was "vodoo accounting" If the second quarter is profitable will you again state that it is vodoo accounting?

Your acceptance of information seems to hinge on whether or not it fits into existing negative framework. This may be dangerous to your personal financial well being (imo).

Royal Oak has significant risks in mining a low grade deposit in a time period of declining metal prices of gold and copper. There is a significant risk of failure with the corresponding complete loss by shareholders. There is a possibility that it may work and shareholders may make money. Who knows? I am comfortably sitting on the sidelines (neither short nor long) merely observing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News