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Gold/Mining/Energy : Yamana Resources INC. T- YRI
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To: Bearcatbob who wrote (661)8/26/1997 6:42:00 PM
From: Greg W. Taylor   of 2346
 
Bob:

Thanks for the note. I've just got a moment but wanted to make two comments. First, if you give me your fax number, I'll forward the "timeline" I produce about once a month, noting planned activities and press releases. (It's not quite what you are looking for but it should partially answer your questions. (I will get around to posting it here but I've got format problems that someone around here will solve for me soon.)

As for the takeover issue: Yes, it's a possibility, but the market right now is in some sort of dead zone -- will we go up or down from here? Who knows. Our deep-seated belief that someone might take a run at us is reflected in the fact that we just passed the shareholders' rights plan at the AGM. However, given the fact that Yamana has not yet announced a "multi-million ounce deposit", we may be considered too Blue Sky for the majors capable of a takeover. That said, the question may rather be: "When does that change?"

Cheers

Greg
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