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

To: Al Cern who wrote (1388)	9/27/1998 10:39:00 AM
From: Thomas P. Talbot	Respond to of 1706

Interesting comment from your friend. How does it jive with recent price action and insider buying? I was told by the company that they were meeting the recovery estimates on Hypogene ore and would meet recoveries on supergene with mechanical adjustments. The company's tape states that commercial production will begin within two weeks. Ms Witte stated that the mine is now providing cash flow to the company. This does not jive with your friends assertion. As to the bonds that is no big deal as you must know that there is a ferocious bear market in the corporate high yield sector. If the bonds are at 50 down from 64 then they are holding up pretty well compared to other situations in the high yield market. The final word will be when commercial production is announced in the next two weeks.