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


To: Michael Bidder who wrote (1369)9/23/1998 4:08:00 AM
From: Gabe Heti  Read Replies (1) | Respond to of 1706
 
Market clearly disagrees with your assessment.

Royal Oak up over 100% since recent lows.

Watch out, or your profits will turn into significant losses. Cover your position now before gold starts to rise.

Writedown is normal business practice under circumstances undertaken by a majority of majors to reflect lower gold price. It will simply make the next annual report look better.




To: Michael Bidder who wrote (1369)9/23/1998 6:49:00 AM
From: Bill Jackson  Read Replies (1) | Respond to of 1706
 
Michael, I still await kemiss data. The writedown is just a realism we all face.
The market(many workers/friends) are buying like crazy and have doubled RYO. Smoke=fire IMO.

Bill