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Gold/Mining/Energy : YBZ - Brazilian Resources
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To: Richard Saunders who wrote (2)12/18/2000 8:50:45 PM
From: Cashy   of 32
 
what attracted me to this company was the volume spike..Having read their web page i saw that they had 2 gold properties on which they have a total gold resource of 1.29 mil oz, but with gold being where it is, well next i saw they were negotiating Hydroelectric, fiberoptic and telephony projects and this is where my interest perked up,after all Brazil is Latin Americas richest,largest and most populous nation (165 million people),and is in dire need of new infrastructure re telephony and energy. Ive also recently read articles where major international carriers are moving into Brazil as they are privatizing their energy and tele sector.So with the agreements YBZ has in place and the people involved (scudder funds,agf management,van eck associates to name a few) i believe there is SOMETHING UP here..So im not looking at balance sheets,because all this company has ever done up till now is explore NOT produce therefore the only bottom line is a LOSS. I also noticed that some options and warrants were exercised at much higher prices not long ago...I hope that this makes sense to you.Another good sign to me is that insiders are putting up their own money,and regarding the number of shares out..well that has never been a major factor in my decision making on the contrary if you like it you can buy a bunch without moving the market
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