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Gold/Mining/Energy : Royal Oak-RYO
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To: Mike G who wrote (1626)2/18/1999 12:03:00 PM
From: Michael Bidder  Read Replies (1) of 1706
 
Mike G.

Thanks Mike you are a gentleman. As was pointed out on this board many months ago by myself and others Ryo didn't have a prayer. The debt load was unserviceable even with a higher POG. A simple look at the math would indicate that to anyone.

One of the reasons I was sometimes forceful in my opinions was because I felt people were denying the obvious. Perhaps I was to hard on some.

As far as the Y2K goes I think the whole media scare serves the purpose of alerting people and companies so that their will not be a problem.

...2 of the executives responsible for the Y2k problem for 2 of the major banks in Canada have sold their houses and invested the money in to Gold.

This sounds like an "Urban Legend", I just don't believe it. The whole thing will be over 10 minutes after midnight New Years day. Within a week the bugs will be fixed and the whole thing will be forgotten.

Michael Bidder
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