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

To: Elizabeth Andrews who wrote (1228)	8/25/1998 3:22:00 AM
From: Michael Bidder	Respond to of 1706

Elizabeth, RYO's Cap is $70 Million USD!! I am really out of my league here with the numbers. However I crunched pmolls numbers (yahoo board) from his notes taken at the AGM (these were given by Royal Oak management) and I came up with a $150,000 usd /month loss on the Kemess property. (recoverys should have improved) More telling is Royal's own Q2 numbers: "Operating loss of $17.1 million in Q2/98 ..." = operating loss of 4.3 million per month. "Net loss of $35.0 million (25 cents per share) ..." = Net loss of 8.75 million per month. These are my simple numbers. I am sure Royal Oak's investor relations can flesh out the details for you better than I can. My contention is that Kemess is operating in the red. Bottom line Elizabeth don't be a hero the market cap is still an unbelievable $70 million usd. MB

To: Elizabeth Andrews who wrote (1228)	8/26/1998 12:44:00 PM
From: Michael Bidder	Respond to of 1706

Elizabeth,..OFF TOPIC Here is news from RUSSIA : MOSCOW, Aug 26 (Reuters) - Russia's rouble plunged more than 40 percent against the German mark on Wednesday and the bewildered central bank declared it could no longer afford to continue major intervention to support the currency. As a growing sense of panic spread among Russians, acting Prime Minister Viktor Chernomyrdin added to public concern by setting off suddenly to Ukraine to meet the leaders of former Soviet republics Ukraine and Belarus. Interfax news agency said he would also talk with the managing director of the International Monetary Fund, the main contributor to a $22.6 billion loan bailout package last month. German Finance Minister Theo Waigel, though, said it was not possible for the IMF, the Group of Seven industrialised nations or the European Union to fix Russia's problems. President Boris Yeltsin did not show up at his Kremlin office on Wednesday, but instead monitored events from his dacha home outside Moscow, the Kremlin said. Citizens, meanwhile, rushed to local banks to withdraw savings, while some stores closed down ... Don't think this can't happen in Canada. It is already happening to a degree. We are all getting poorer. Next time Canadians vote let them be less self serving and think of the general welfare of the Canadian Economy and not their special interest. MB