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

To: Gabe Heti who wrote (1422)10/1/1998 2:37:00 PM
From: Michael Bidder  Read Replies (1) | Respond to of 1706
 
Gabe,

Royal Oak is highly leveraged to the price of gold. It was for this very reason that I hold such a small short position.(Most of my shorting is done on Nasdaq).

Nothing at all within the company has changed. The losses are just as staggering as previous. Royal will still be unable to meet her loan commitments. Remember my contention is that Kemess is uneconomic at $350 gold and $1 copper.

Michael Bidder



To: Gabe Heti who wrote (1422)10/5/1998 12:23:00 PM
From: Michael Bidder  Read Replies (1) | Respond to of 1706
 
Gabe,

The market is trying to send you a message.

Yes the markets are saying we are way over valued. It's time for a reality check. After every party there comes the cleanup.

Michael Bidder


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