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

To: Daytek77 who wrote (756)	11/5/1997 8:12:00 PM
From: Greg W. Taylor	Respond to of 2346

Tony: Thanks for the support. We truly are living in interesting times. Greg

To: Daytek77 who wrote (756)	11/5/1997 8:26:00 PM
From: Greg W. Taylor	Respond to of 2346

Re another message: Hi Greg. Looks like life at YRI has been extended for at least a couple more years if the entire financing can get closed.. What will the proceeds be used for? (Which projects will recieve more attention now?) And does this financing indicate that finding a JV right now is going to be tougher than say a month ago? We've been hearing YRI has been in serious talks talks with several big firms but still no word, whats the latest report. LATER One other thing Greg, out of curiousity the financing is $US but funds can't be raised in USA. Won't it be harder to sell the US currency notes in Canada rather than in the USA, where as I understand a significant number of shareholders reside? Response: I've only got a minute before I have to leave so I'll partially answer this now and see if we want to pick it up tommorrow. The proceeds of the issue will be raised for ongoing exploration and development work, but the detail is being discussed as we go. The main reasons are a) we don't know how much we'll raise; b) we are still working on potential JV's (which would positively skew the spending; c) a great deal is determined by results (eg. Santa Cruz, Paraguay and PNG, each of which should be returning results over the coming months) and, d) there are issues such as the signing of the COWs that would add another dimension to things. Nothing has changed over the past few months concerning JVs. They are generally tough in this market, given cash positions, market fears and metal prices, especially gold. However, we are making good progress on the Northern Porphyry Copper Belt discussions, in Paraguay and on a couple of other properties. I don't want to forecast (or jinx) anything but I'm confident if the world doesn't collapse (again), then we should have at least one JV announcement within the next few months. (Sooner is possible but corporate decision making and Due Dilligence are very tiring and drawn out processes. Also, as we approach Christmas, we pick up another bit of potential stickiness.) If I were betting on JV timing... I'd be a fool. I hope this helps. Greg

To: Daytek77 who wrote (756)	11/5/1997 11:34:00 PM
From: rdww	Read Replies (2) \| Respond to of 2346

So the retail crowd heard the terrific financing deal coming down the pike. To avoid further dilution - sell and run. Yamana was a great stock. Lots and lots and lots of projects. Costs lots and lots of money. Time to pare down - JV out some and focus. You must have a huge monthly expense just in trying to keep track of all the projects. It's time to stop sniffing at every project that comes along and focus on what you have. Some of these projects just have to back burnered. Washington is an example. One of these was picked up as an easy no fuss prospect. But it has taken time and money and gone nowhere. Sure hind sight is 20/20 but YRI is stacked with professionals who should know that the Lb has to come out and you have to find a project that a major will keep. I was an avid shareholder 8 mths ago - but that was based on the blue-sky that Bishop saw. It's time to put some of this blue-sky into reality. I don't think that anyone has been lollygagging around - but you need to regroup and rethink about how this company is going to get a deposit of value and when. You owe that to the shareholders - all 29MM currennt shareholders + the additional new 20-40MM shareholders shrs!