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

To: Michael Bidder who wrote (1607)	2/11/1999 6:05:00 PM
From: steve gilchrist	Respond to of 1706

Michael, you might enjoy reading the National Post autopsy at nationalpost.com I agree that Peggy is made of the right stuff and is as feisty as anyone, but the formula for success includes a lot of lucky timing as well, and it appears that she hasn't been able to attract any of that. RYO may go down, but I won't be kicking myself; it was a logical speculative choice with every chance of success. One tends to lose two or three of every ten spec stocks in your stable; it'll be sad if this turns out to be one as well, but we can't fight the POG. One ought to "bet on the jockey, not on the horse"; if she gets another horse under her after this, I'll probably bet on her again. Steve G>)

To: Michael Bidder who wrote (1607)	2/11/1999 7:25:00 PM
From: Al Cern	Read Replies (2) \| Respond to of 1706

Sounds like an obituary to me Michael. The article from the National Post could have been written when the last financing took place. It was pretty obvious what was going to happen then, given who the players were, and how the deal was structured. The amazing thing is that there is still plenty of money to be made here. Sincerely, Al Cern