Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hansy who wrote (621)	12/31/1997 2:42:00 PM
From: Michael Bidder	Read Replies (2) \| Respond to of 1706

Is there any one who can post it.

To: Hansy who wrote (621)	12/31/1997 9:16:00 PM
From: JCgold3	Respond to of 1706

Did the article mention RYO directly? I don't think we know what the impact of falling copper prices will have on RYO since I haven't seen any public announcements on the details of the copper concentrate sale made earlier this month. RYO may have gotten a fixed price or some other unique concession that will help their particular situation. Its a 5 year deal and that gave them some flexibility to wheel and deal. Over a 5 year period you should be able to assume an average price based on past history and inflation assumptions. They were also aware of their cash flow needs so I'm sure Peggy (with her renowned negotiating skills) knew exactly what she wanted and probably got a good deal. They aren't keeping the details of the deal confidential for nothing. Has anyone heard any details? Incidentally, the stock has looked very strong in the face of falling gold and copper prices. Good volume, larger blocks and a lot of trades seem to be going off on the bid rather than the asked side. Many gold stocks holding up well and the divergence with gold prices could be a signal that the bottom for gold is already in. Let's see a double bottom and a good solid bounce and start 1998 off right. A Happy and Prosperous New Year to All Posters on this thread.