Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bill718 who wrote (1356)	9/21/1998 1:24:00 PM
From: Michael Bidder	Read Replies (1) \| Respond to of 1706

Lets Keep it in Perspective Wayne, Kemess can not Bail out Royal Oak. $500 million dollars is a huge debt burden. If the stock is trading at $1.0 then it is expecting $14 million in profit at 10 times earnings (given 140 million shares). To make 14 mill in profits Royal first needs to make $40 million in payments to Trilon. So Royal needs $55 million. It isn't going to occur. Look at the Long term trend of Royal Oak. Losses! Kemess is probably running in the Red or at best break even. The other mines are solidly in the Red. Wayne reconsider. Don't think another fool will be there to by your stock at a higher price because it may not happen. Michael Bidder