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Gold/Mining/Energy : Royal Oak-RYO

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To: Elizabeth Andrews who wrote (1454)	10/28/1998 2:34:00 PM
From: Michael Bidder	Read Replies (2) of 1706

<<<We are dealing with a very clever person and no doubt a survivor.>>> Elezabeth I strongly disagree with the innuendo of the above statement. I no more belive that Peggy can pull a rabbit out of a hat that I believe Royal Oak is worth $650 million dollars (market cap + debt) Certainty is rare in the business world. I found it once. Bre-x presented us with a wonderful short after the speech by Freeport Mcmoran speech by President Jim Bob Moffet. Royal Oak is by no means a short at this price. I realize that. However with the an encumbrance of 1/2 billion at a high rate of interest and ZERO earnings I find only one outcome. In my opinion as always, Michael Bidder

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