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Gold/Mining/Energy : Yamana Resources INC. T- YRI
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To: Neil Irwin who wrote (1419)7/21/1998 10:42:00 AM
From: Phil Cressman  Read Replies (2) of 2346
 
Looks like placement of Convertible Debentures is a done deal. Had to buy on the market yesterday and today to add to my position. My broker couldn't arrange to get me any piece of the debenture as it seems it's all placed overseas. Not sure if info is correct but he though the deal was at or above a 80 cent conversion. This tells me that the current market of 65 cents will soon bounce above the 80 cent mark upon announcement that the debentures are indeed placed.

With Silver strong at current prices and gold seeming to be trying to test higher prices YRI should strengthen prior to the resumption of drilling (now seemingly assured).

With the experiance management has gained in battling a tough market they should be well positioned to take advantage of better markets and renewed activities in the Fall.

Let's cross our fingers and look forward to some big gains towards the end of the year.
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