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


To: Michael Bidder who wrote (894)4/13/1998 2:36:00 AM
From: Michael Bidder  Read Replies (1) | Respond to of 1706
 
Multiple Choice.

LIBOR + 6% ! (more than my Visa Card!)
14 million in fees

Are the proposed terms of the loan a reflection of the lenders lack of confidence in:
1) RYO Management.
2) Kemess Economics.
3) Current state of the company fiscally.
4) All of the above?

Or are the terms are a function of complex issues and not relevent to the future profitability of the Company.