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Gold/Mining/Energy : Royal Oak-RYO

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To: Thomas P. Talbot who wrote (1606)	2/11/1999 4:07:00 PM
From: Michael Bidder	Read Replies (3) of 1706

Re: Management and Ms. Witte. Their has been much talk over the past year or so that it was somehow sloppy management that undid Royal Oak. Indeed I was highly critical of RYO management for their decision to mine Kemess and their forward looking statements. However in the course of the past 18 months they have more than earn my respect. They have done an exceptional job, much to my dismay. Anyone wanting a textbook study in hard business would be wise to analyze RYO's strategy over the past year or so. I take my hat off to the toughest miner in North America Ms. Peggy Witte. She deserves every ones respect. Michael Bidder

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