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

To: Elizabeth Andrews who wrote (1095)	7/23/1998 2:52:00 AM
From: Michael Bidder	Read Replies (2) \| Respond to of 1706

Elizabeth you are wrong. Interest payments are an unsustainable $3 million per month. That is $100,000 dollars every time I wake up in the morning, day after day after day. $100 thousand dollars. If, a big if, operations are break even then losses are piling up at the staggering rate of $10 million a quarter. Kemess is a loser just like Mount Todd was. The company can not refute this. That is why the stock is tanking. No word from Royal Oak on the Kemess operation is bad news. You won't see it coming Elizabeth. One morning the stock is halted pending an announcement: "Royal Oak is seeking court protection." Presto 100% loss of your capital. Gambelers are the lowest part of the food chain Elizabeth. That is you. Your loss on this stock was the worst kind. Avoidable. Royal Oak will not see 1999. MB