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

To: tom shelby who wrote (1176)	8/12/1998 9:34:00 PM
From: RagTimeBand	Respond to of 1706

>>Be careful of the words you use. At least one company (see Antares Mining ANZ.T) has threatened legal action against a poster for libel. I am not putting you in that category just bringing it to your attention.<< FWIW I'm concerned about this 'libel' business. Scare off the nay sayers and all you have left are the touts (paid or non paid) and the truth seeking investors get the worst of it. Regards - Emory

To: tom shelby who wrote (1176)	8/12/1998 9:53:00 PM
From: Michael Bidder	Read Replies (1) \| Respond to of 1706

Tom, Thanks for the Reply: "In previous post you stated words to the effect that Royal Oak has admitted that Kemess is losing money. I repeat my challenge to you. WHERE HAS ROYAL OAK ADMITTED THAT?" Royal's own numbers indicate a $5,000 per day loss at Kemess. I can't find my post now but I will. Do you know how to people search months past?- Bear in mind this is using Royal Oaks number of operating costs per ton at Kemess. I have ZERO confidence in this number. Also until Royal states otherwise I am using the low recoveries for gold and copper. I accept that the recoveries will improve as the mine is tuned. However Royal's estimates are often inaccurate to the extreme. "Why are you waiting for the second quarter results? The first quarter's results showed that Royal Oak was making money. Instead of acknowledging this fact. You stated this was "vodoo accounting" If the second quarter is profitable will you again state that it is vodoo accounting? " I have noticed a trick that the accountant wizards use. They push all costs forward as much as possible. This technique eventually catches up with them, usually in the 4th and Audited quarter. "Your acceptance of information seems to hinge on whether or not it fits into existing negative framework. " Correct. I disregard a lot of information I dream untrue. "Royal Oak has significant risks in mining a low grade deposit in a time period of declining metal prices of gold and copper. There is a significant risk of failure with the corresponding complete loss by shareholders." Is this your disclaimer? "There is a possibility that it may work and shareholders may make money. Who knows?" That's my point!!! Certain people Know. This thing should not be misrepresented. MB