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Gold/Mining/Energy : Yamana Resources INC. T- YRI

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To: Greg W. Taylor who wrote (737)10/31/1997 8:06:00 PM
From: Bob Hack  Read Replies (1) of 2346
 
Hi Greg'

In any high risk investment, which a junior E&D certianly is, their is always the risk - the longer it takes, the more likely something can go wrong.

The Yamana story is getting old, and for some speculaters there are other more exciting prospects out there.

I liquidated my Yamana position immediately after Bre-X, and am just now starting to starting to pick up the odd jr. gold. When gold turns the corner (signaled by the majors buying - Bema don't count, that's only a 2 yr. option) then I'll take another look at Yamana and others. In the meantime there is lots of action in junior oils and small cap high tech.

The overall market jitters, IMO is making investors of all stripes more careful.

Cheers, Bob
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