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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (491)11/18/1997 8:19:00 PM
From: maintenance  Read Replies (2) | Respond to of 1706
 
Does this five year contract refer to all kemess production, The stock sure got hammered today. Any comments welcome.



To: Mark Adams who wrote (491)11/18/1997 11:14:00 PM
From: Bill Jackson  Respond to of 1706
 
Mark; Lenders would not put a 12 year low straight jacket on RYO, as such would impair cash flow and hurt repayment. They will want some other assurance or position to give them enhanced assurances of repayment. The platinum hedge was done because they did not feel it would fly so high, and they are still in a profit position.

Bill


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