Yamana Resources INC. T- YRI Message Board

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

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To: Greg W. Taylor who wrote (747)	11/1/1997 5:23:00 PM
From: Daytek77	Read Replies (1) of 2346

Greg I thank you first for the kind words. I also want to make myself clear. I am neither for nor against a market. I do watch indicia like investor sentiment and general trends. Other discoveries will be made and the market will respond. I cite two recent examples Cross Lake and Donner. The problem is the lack of avaialble funds indicate there is far less exploration going on and that is what makes a major find more difficult. Most juniors who are unfortunate enough to have little cash reserves are out of luck. They must do the bare minimum and hope for a change in the market. As you know a financing is done when one can not when a company wants to. It is this dramatic slowdown in exploration programs industry wide that leads more and investors to "throw in the towel" due to the lack of news which leads to lower prices. It is a vicious circle but can be reversed if someone can make a major find or a real take-over occurs. The Placer/Bema deal was a real blow in this regard. I am watching and will be for these signs and others. I sincerely hope Yamana make the next discovery. All the best Tony

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