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

To: dan pearson who wrote (1035)	6/28/1998 11:46:00 PM
From: Mike G	Respond to of 1706

I was thinking a little more about the conference call coming on July 8th. I asked at the meeting why they were waiting until then, and why they chose that date. They said the reason for that date was both the July 4th US and July 1st Canadian Holidays would be over, and they would get more attention from the Corporate, and Institutional Investors. You can bet if they have chosen that date, and given that much notice, there won't be anything negative in the conference call. When Ms. Witte mentioned that their results were better than anticipated, I am sure that this information will come out in the call. I am like you, at 1st appearance I wasn't too impressed with Peggy Witte, however when she spoke, had all the information immediately in mind, and spoke with authority, I was quite impressed. Hopefully the institutional investors will be impressed in the next few weeks. Mike G

To: dan pearson who wrote (1035)	6/29/1998 8:34:00 PM
From: Mike G	Read Replies (2) \| Respond to of 1706

It is interesting how the news is slanted around RYO. It seems that the news media only want negative reports on this stock. The reporters might be shorting it. Canada Stockwatch issued a bulletin quoting the Globe and Mail and it's Saturday Edition of June 27 1998, where it said - "shareholders of troubled Royal Oak Mines yesterday approved lowering the exercise price of stock options granted to directors, officers and some senior employees, but not without heated objections from other shareholders." To put some truth into this, there were no heated objections, 1 person asked if this could set a precedent in the perceived share price at $1.10, and when Ms. Witte explained why they wanted to offer this to the employees and give a reasonable explanation, the subject was immediately dropped, and the resolution approved. I wonder why the reporter didn't repeat what Ms. Witte said when she stated that the results coming from the mine were better than anticipated. There were so many positive things in the meeting, and all that is mentioned is 1 incident, which was grossly exaggerated by the reporter. Ms Witte said that gold prices always follow equity prices by about 6 to 8 weeks. When the market turns to equities, you can guarantee that gold will follow upwards about 6 to 8 weeks later. Interesting enough, Bill Ridley in his innercircle letter has said we have turned the corner, and it is now time to buy Barrick, Cameco, and Placer Dome. My stock in Aur Resources jumped .25 today. Are people turning to Gold (equity)? Will the price of gold follow in 6 to 8 weeks? Maybe.

To: dan pearson who wrote (1035)	7/3/1998 12:57:00 AM
From: Michael Bidder	Respond to of 1706

dan, RYO market cap >$123 million USD!! Had you taken my advice in Dec. when the price was twice what it is now you would have saved the loss of 50% of your investment. The $102,000 a day in interest payments combined with the red ink flowing from Kemess will sink this company. In the fall Royal will be winterizing her operations. This is an expensive proposition, just at a time when another interest payment is coming due. Royal's Market cap is off 50% from when I started my negative posting. I was ether right or I am having an effect. Micheal Bidder (on it till the end.)