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

To: Thomas P. Talbot who wrote (601)12/19/1997 8:58:00 AM
From: Al Cern  Respond to of 1706
 
Thomas,

If they do run into trouble, it will be because of the price of gold and/or their own underestimation of costs. There are a lot of lower cost producers that are leveraged and would be more attractive than RYO. I'm not sure how much makeup would be needed to make this one attractive, but earnings would sure help. Once you are in trouble and the world smells it, the equity seems to evaporate.

Sincerely,

Al Cern



To: Thomas P. Talbot who wrote (601)12/22/1997 10:07:00 AM
From: Hansy  Read Replies (1) | Respond to of 1706
 
OK guys, with the Homestake Takeover of Plutonic at a 86% premium,
the "Takeover Open Season" of gold companies is officially open:
Plutonic traded at $1.95 recently before closing at $2.80 Friday.
Homestake takeover price: $5.20
Place your bets.


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