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

To: Michael Bidder who wrote (1137)	8/3/1998 3:13:00 AM
From: Mike G	Read Replies (1) \| Respond to of 1706

Michael - your last post almost sounds like you are panicking. Why don't you cover your short position now, and then you won't have to worry about it any more. You stated - >at a minimum before the Bankruptcy announcement. You make this sound as if it is imminent within the next few months. Remember that RYO is in a sound financial position at least until the year 2000. There are about 7 million shares that are short on RYO, but remember there are about 133 million that are long. Everytime the Canadian dollar goes down, it makes RYO stronger financially, maybe someone should tell that to the texas people shorting this thing, although they probably don't see this happening, they are too far removed. I am tired of you comparing RYO to Pegasus as there is no comparison. RYO is lean and mean, Pegasus was a high flyer, literaly, flying 2 jets around until the day they went under, this doesn't apply to RYO. Mike G

To: Michael Bidder who wrote (1137)	8/3/1998 10:20:00 AM
From: Peter Neidhardt	Respond to of 1706

"DO not listen to those who guided you to by the stock. I have been advising a sell since Nov. 97 at $2.00! Those who council you not to sell are themselves selling. Be careful Peter you may lose all your remaining money." I do not own any shares Mike. You do have a point though. I would imagine each investor has to make that decision for themselves. If you had bought in at much higher prices and now it is an 1/8th of your original value, it just might be a gamble to hold on (depending on your future stance with Gold). If you lose all of it, then you can use it at a later date for a write off. Pete