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

To: Bearcatbob who wrote (799)	12/21/1997 8:25:00 PM
From: Greg W. Taylor	Respond to of 2346

Bob: Fair comment. We do not want to dilute our shareholders but we would like the "cushion" of having enough money to get over the next year or so. Meanwhile, we are looking at or working on several options which might mitigate the concern. The JV discussion issue continues, but lately it has emerged that the market has put a special damper on spending, even by the majors. Bottom line: we are open to any reasonable suggestion. We are in discussions with majors, with intermediates and with other juniors. As to a Royalty company, we have had some preliminary discussions but, for the most part, they're looking for cash flow. As I've said before, the worst dilution is to run out of money. Greg