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

To: roger fontaine who wrote (1215)	8/22/1998 2:48:00 PM
From: Michael Bidder	Read Replies (1) \| Respond to of 1706

Mr. Fontain, Yes I agree the rumor may become fact. Off topic: This from yahoo on the restructuring of a Japanese bank! It affects us in Canada more than you all think or are willing to discuss: The troubled Long-Term Credit Bank of Japan on Friday announced a restructuring plan in which three top executives will resign and its 13 overseas outlets will close. The plan is being undertaken to enable a merger with Sumitomo Trust & Banking Co..... 1) Write off some 750 billion yen 2) Give up claims on 520 billion yen 3) Retreat from all overseas operations and combine or close domestic operations. 4) Cut 700 employees, or 20 percent of its workforce 5) Force the resignation of top management, including President Katsunobu Onogi. 6) Ask retired top management to return their retirement money. 7) Sell its headquarters building in Tokyo's Marunouchi district......." Michael Bidder.....Canadia dollar 0.64 and falling

To: roger fontaine who wrote (1215)	8/22/1998 11:08:00 PM
From: Karen E Hoof	Read Replies (2) \| Respond to of 1706

Roger, haven't communicated with you for a long time....I know RYO is vunerable, the had the money to pay their August payments on Financing....It is next Feb that could be a problem...but is not a problem at 290 to 300 gold...but if it goes below that they may be in jeopardy...that is from my conversation w/ G. Eacott on July 25...on a Sat. when he returned my call...that is my recall of our conversation.. Now the delisting rumor.....for your information MB Michael on this SI board is Gleesony on Yahoo....he has legitimate comments, and insight, but at times so rabid that people ignore him and or attack him.... I follow the Yahoo thread daily nd read all postings...he is the one who started the rumor....I find it interesting that on SI he reported a rumor that was on Yahoo that RYO may be delisted....Karen