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


To: Bill Jackson who wrote (1287)9/15/1998 1:49:00 PM
From: Michael Bidder  Read Replies (1) | Respond to of 1706
 
<<You could do nothing except what you were specifically permitted to do(hence the name permit), in the USA you can do more or less whatever you want except those things that are forbidden.>>

Are you an academic Bill? These are subtle but very important differences. These points are sadly lost on the "Pepsi generation".

Back to Royal Oak. I am amused at the sudden buying flurry. In a week, maybe sooner there may be a lot of sorry investors. The 1/2 Billion debt is unsupportable. I don't think Royal Oak is in the financial position to refinance.

Any opinions?

Michael Bidder......keeping the thread alive till the end.