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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Alex Harrington who wrote (2314)	11/8/1999 6:11:00 PM
From: SwampDogg	Read Replies (1) \| Respond to of 2346

A few thoughts on the NR... #1)That is really weird timing that I posted just yesterday and this came out today. I guess this company is pretty predictable. #2)I can't believe that they are shipping the ore all the way from Argentina to Quebec. #3)<<As an arrangement fee, Trilon Financial Corporation will receive warrants to purchase 2 million common shares of Yamana, subject to regulatory approval.>> More dilution for shareholders #4)It looks like debenture holders will have to OK this as the facility might make the interest payments subordinate. I am not sure in this point as all the info is not yet available. This does not look very good and the market doesn't seem to care. PHNPI