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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 (811)	12/31/1997 12:00:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 2346

Yamana Resources Inc - Kaiser says potential war chest of US$20 million a buy signal Yamana Resources Inc YRI Shares issued 27306990 1997-12-18 close $0.7 Thursday Dec 18 1997 John Kaiser, writing in the December 1 Kaiser Bottom-Fishing Report, says Yamana Resources is a buy at $0.74; Mr Kaiser also has named the company to his 100 bottom-fish recommendations for 1998. Yamana has always thought big, and today is little different than the past. The company has raised nearly $45 million since its launch in 1995, most of which has been spent on assembling a portfolio of 99 properties around the world. In the absence of a major discover, Vic Bradley has decided to float a US$20 million debenture that will leave Yamana with a war chest of $40 million to get some results from his 6.3-million-acre portfolio. The offering goes to the public in December 1997, and Mr Kaiser believes Yamana will be a "better buy than ever if the debenture closes." This form of financing means the company will not get killed if funding dries up completely in the current bear market. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)