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

To: Richard Gibbons who wrote (1060)	7/17/1998 12:26:00 AM
From: bill718	Read Replies (2) \| Respond to of 1706

Excellent post Richard. Bidder's constant attacks on Royal Oak are obviously an attempt to get the share price down either because this individual is shorting, or because he has sold out and intends to buy back in at the lowest price possible. No other scenerio makes sense to me...this individual is certainly not a shareholder with the companies (or other shareholders) best interests at heart....especially considering the huge effort he is putting into his assaults. He is here to make money. Since none of us know exactly when POG will rise again, it is impossible to try and predict the fate of RYO accurately IMO. Further, with the recent financing in place, one would think that a tremendous amount of DD would have been done prior to such by those with far greater knowledge of the company and it's financial condition/potential than those who post here (especially those who post in an attempt to manipulate the market).

To: Richard Gibbons who wrote (1060)	7/17/1998 12:47:00 AM
From: Michael Bidder	Read Replies (1) \| Respond to of 1706

Richard, Thankyou for your tolerance. What do you find amusing about the fox guarding the henhouse? I have seen dozens of mining "promotions" fall while the manta cry from management was "all is well!" I think you need to give the readers of this form more credit. Naivety is giving way to a healthy scepticism. Investors will not buy into an investment based on the rosy predictions of management. The method of getting moneys from the B.C. government, although clever, in no way legitimises the economics of Kemess. The engineering firms results could easily reflect the wishes of Royal Oaks management. Anyone within Royal Oak's engineering staff that disagreed with the feasibility study would be encouraged to tow the party line. It is a small community. No one would want to rock the boat that would hinder a large financing, construction project etc. Michael Bidder