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Gold/Mining/Energy : Yamana Resources INC. T- YRI
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To: Greg W. Taylor who wrote (832)1/28/1998 12:25:00 AM
From: Roughrider  Read Replies (1) of 2346
 
I was at the Vancouver conference. Has YRI also cut it's PR budget? Alot of us can ask questions here and you are very good about answering them. One of questions that each company had to answer is what are you going to be doing in the next 6 months that will make the share price go up. Hope and were're really trying didn't count. What Kaiser and a few others said if they are not drilling, find a company that is. The thinking was the old game is over. By that I mean when things do improve ( and they will ) all companies are not going along for the free ride again. They need results. YRI is one of my largest holdings. If YRI cuts the burn rate, they stop drills which stops any chances of hitting the big one. YRI has done such a great job of finding such potential targets. They have to be drilled. If YRI conserves cash and no partners are found your going to have to use that cash to do the job anyway. But it may be 1 or two years of administation and salaries and that is money that could be spent on a known target now. I know it is not a great feeling to spend your last dollar on one more pull ( Las Vegas). But in our case what else are going to do. Heh if it doesn't work we could always ask IPJ how they do it. These guys seem to be good at finding things and each time I look they still have 15 - 20 million dollars. Take care. R
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