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Gold/Mining/Energy : Yamana Resources INC. T- YRI
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To: G who wrote (1576)10/12/1998 7:07:00 PM
From: Elizabeth Andrews  Read Replies (1) of 2346
 
I agree that there's more to it. As I pointed out a while back YRI changed its business plan from JV's to spending its own money. This escalates the risk for all the shareholders as the odds of discovery are low. I also pointed out that the exploration plan was not very focused and seemed to include drilling on some very grassroots properties in the hope of a discovery. They are doing this with company money not a partners. I am concerned that the change of plan may be a mistake. If YRI doesn't hit on these coming properties the stock will see 10 cents by May 99. The odds are low of hitting. And if they hit they have to raise more money. Is the plan workable is my question?
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