YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp Message Board

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Gold/Mining/Energy : YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp

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To: Adrian du Plessis who wrote (49)	5/13/1998 9:19:00 AM
From: Mr Metals	Read Replies (1) of 314

YBM could be a great short even though it's down 21% READ THIS....OHCH! YBM Magnex International Inc - Post says stock keeps falling YBM Magnex International Inc YBMShares issued 442229011998-05-12 close $13.5Wednesday May 13 1998The Financial Post reports in its Wednesday edition that shares of YBM Magnex International fell $1.10 to $13.50 on the Toronto Stock Exchange on Tuesday, on volume of 462,400 shares. Market Action columnist John Greenwood notes that the Pennsylvania-based magnet maker's shares have fallen $3.50, or 21 per-cent, since Monday, when the company said it needed more time to file its 1997 financial results after its auditor requested more information. According to reports, the auditor's questions focused on YBM's sales to Russia and the Ukraine, which frequently involved complicated barter transactions. Almost 80 per-cent of YBM's 1996 sales were in Russia and the Ukraine. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals

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