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: littleguy who wrote (739)	3/16/1998 11:00:00 PM
From: Michael Bidder	Respond to of 1706

<<I'm (very)new to this and really just fell into RYO lately>> I only guess at the answers. Just like you. <<I was attracted by the forecasts for Kemess.>> Read the Mount Todd forcasts. They forcasted wonderful things for the stockholders and it ended badly. <<Why on earth wouldn't Toronto underwrite financing?>> Underwiters do have some obligation to to the buyers. <<BCGov would probably prefer not to give RYO any more cash.>> I agree with you. It might be political suicide. <<BC REALLY dosen't want RYO to bankrupt and default on loans>> The new owners may try and make a go of it. Or sit on it and hope for the price of gold and copper to rise. The lenders of the last 45 million dictated there own terms and conditions of the loan. It was all in there favor or no deal. Remember that the other previous creditors were held at ransom by RYO to subordinate their debt while the bond issuers held Royal Oak at ransom for their conditions. A default will be the hand over of Kemess, for what its worth, to the 45 million bondholders. Ask this question to IR if you can get them to return your call. ANYONE: What is the date due and dollar amount of the next debenture payments? I think this may be a critical milestone event.