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


To: Greg W. Taylor who wrote (747)11/1/1997 5:23:00 PM
From: Daytek77  Read Replies (1) | Respond to of 2346
 
Greg

I thank you first for the kind words. I also want to make myself clear. I am neither for nor against a market. I do watch indicia like investor sentiment and general trends. Other discoveries will be made and the market will respond. I cite two recent examples Cross Lake and Donner. The problem is the lack of avaialble funds indicate there is far less exploration going on and that is what makes a major find more difficult. Most juniors who are unfortunate enough to have little cash reserves are out of luck. They must do the bare minimum and hope for a change in the market. As you know a financing is done when one can not when a company wants to. It is this dramatic slowdown in exploration programs industry wide that leads more and investors to "throw in the towel" due to the lack of news which leads to lower prices. It is a vicious circle but can be reversed if someone can make a major find or a real take-over occurs. The Placer/Bema deal was a real blow in this regard. I am watching and will be for these signs and others.

I sincerely hope Yamana make the next discovery.

All the best

Tony



To: Greg W. Taylor who wrote (747)11/1/1997 6:36:00 PM
From: Greg W. Taylor  Read Replies (1) | Respond to of 2346
 
All interested:

I'll post this generous email I've received(anonymous to you, just in case he doesn't want to be named)just because...

Greg, its nice to see there are still investors out there following the SI thread, after this latest attack. If MW & WG and others want to sell off their stakes in YRI @ these UNPRECEDENTED levels, by all means bring it on. I'm sure the insiders and long term players on this stock are welcoming this drop with open arms. As for myself I will add to my postion next week once I free up funds from other junior plays.

It's hard to believe X-mas is already here, and Santa is giving us YRI @ 50 cents a share. ($1.05 MINUS CASH IN BANK = $.50). I dare anyone on SI to give the name of any other junior with the expertise in management, and extensive/diversified property portfolio YRI has. With the same risk/ reward ratio. At today's price, we are only risking
$.50 a share to buy YRI, with the chances of the share price going 5 to 10 times in the next year or two.

I may sound biased because I hold a position in YRI, but a company like this does not come around very often, especially at these prices!!!.

Happy Halloween



To: Greg W. Taylor who wrote (747)11/1/1997 6:47:00 PM
From: Greg W. Taylor  Respond to of 2346
 
Another email I'll pass along for what it's worth. I'm posting it without attribution in case the writer prefers not to be identified:

MESSAGE:

Y have all the "supporters" decided to sell YRI off so drastically?
The company strategy is still the same, the fundamentals are the same and yet the stock is getting destroyed.

It looks as if all the analysts that support YRI can't save the price in the short term. As to all you MORONS selling YRI for tax loss purposes, I too will be selling YRI next year, BUT for CAPITAL GAINS.

Greg is this panic selling directed at the INDO gvmt not handing out any COWs in the near future?

CHEERS

DEAR FRIEND:

Thanks for the support. I don't have a hard answer to your question about expected plans of the Indonesian government. All that I can say is that my latest information continues to support my belief that these negative expectations are untrue. That is, I still expect that there will be Seventh Generation Contracts of Work signed during this calendar year. Whatever the market thinks in the near term, for YRI, this bodes well.

Greg