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

To: leebo who wrote (680)	2/28/1998 10:40:00 PM
From: Harlan Huber	Read Replies (1) \| Respond to of 1706

All: Earnings should be released any day, does anyone know exactly when? I'm sure a loss is already factored into the stock price, but the magnitude of the loss may not be. Any thoughts on this? The stock has essentially made a triple bottom now, first at 15/16, second at 1 1/16, and recently at 1 1/16 again. Now we are rallying from an oversold condition. We have been locked in a trading range between 1 1/16 and 1 1/2 approximately. I presume to break out above 1 1/2, it will take a move up in gold and/or copper, or the opening of the Kemess mine in April. Does anyone know the approximate date in April for the scheduled opening of the mine, or has that been delayed? Those are probably the two events that might move the stock above 1 1/2. Of course, there is always the possibility of a merger, one can never completely count that out, however remote. Does anyone have any thoughts on this? I don't know why a brokerage house would put out a statement that RYO was in violation of their financial covenant recently, and then have RYO deny it.