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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (1224)	8/24/1998 6:00:00 PM
From: Mike G	Read Replies (3) of 1706

My suggestion is to let the stock be, and let it take it's natural course. I did however attend the AGM for AGC Americas Gold Corp this morning, and it is almost a given that the Kemess facilities would be used for their find as things progress. How this affects the price of the stock remains to be seen in the future, but with the market dropping, and general malaise in the investment world, along with the very low Canadian dollar, in the the .64 range now, maybe the world economy is collapsing, and worrying about RYO will be a moot point. Of course with a .64 dollar, and Gold almost at 290 per oz. this does make RYO stronger since their costs in relation to the U.S. dollar have dropped another 1% over the past week. Mike G

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