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

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To: Daytek77 who wrote (756)11/5/1997 11:34:00 PM
From: rdww  Read Replies (2) of 2346
 
So the retail crowd heard the terrific financing deal coming down the pike. To avoid further dilution - sell and run. Yamana was a great stock. Lots and lots and lots of projects. Costs lots and lots of money. Time to pare down - JV out some and focus. You must have a huge monthly expense just in trying to keep track of all the projects. It's time to stop sniffing at every project that comes along and focus on what you have. Some of these projects just have to back burnered. Washington is an example. One of these was picked up as an easy no fuss prospect. But it has taken time and money and gone nowhere. Sure hind sight is 20/20 but YRI is stacked with professionals who should know that the Lb has to come out and you have to find a project that a major will keep. I was an avid shareholder 8 mths ago - but that was based on the blue-sky that Bishop saw. It's time to put some of this blue-sky into reality. I don't think that anyone has been lollygagging around - but you need to regroup and rethink about how this company is going to get a deposit of value and when.
You owe that to the shareholders - all 29MM currennt shareholders + the additional new 20-40MM shareholders shrs!
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