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

To: stuffbug who wrote (984)	5/17/1998 9:35:00 AM
From: JCgold3	Read Replies (1) \| Respond to of 1706

Thanks for the response. The shorts have certainly been in control for quite a while and rightfully so as it didn't seem possible that Peggy could pull off the impossible. Although RYO is not out of the woods yet, it now has a fighting chance. They have to fight off the writ of seizure based on the Tercon situation and the $10 million cap on Kemess liens, but those problems would appear minor compared to what they've already overcome. The next remaining hurdle is Kemess ore grades and the ability to get as much thruput thru their mill as possible to cover their high debt load. For the first time in 6 months,IMO the longs have the advantage.