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

To: Michael Markham who wrote (988)	5/17/1998 11:21:00 PM
From: JCgold3	Read Replies (1) \| Respond to of 1706

Based on the low recent volumes and the continual stream of negative news, it would appear that the shorts have not been able to cover. I don't know if it will happen this week, but it would appear that all the bad news that can happen in the short term is out and the shorts could get squeezed or just get bored and look for better returns elsewhere. Either way there should be some buying over the next 2-3 weeks. Watch for insider trading in the short term. I assume the management has been unable to buy based on insider information over the last couple of weeks and there may be some pent up demand there. That would be the key signal that management truly believes their own PR on Kemess. Advances on the CU concentrate should also start in less than 2 weeks to provide some positive cash flow. Good luck to all the RYO longs. If anyone sees any insider trading, please post details. Thanks