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

To: G who wrote (932)	2/21/1998 5:34:00 PM
From: Greg W. Taylor	Read Replies (1) \| Respond to of 2346

I'm not aware of any Insider Trading around here recently. I'm sure there are some employees with options that would like to get some cash to kick into the mortgage or car payments but I doubt that there has been much more than that, if any. Generally, I have a strict policy of no trading around news releases, especially before. That is, once we know something, people are reminded they can't trade in or out. But to get to the gist of your question, most of us have long ago locked ourselves into positions -- some quite large -- and/or we have options, few of which are in the money. I have some in the money but I'm not moving. Nor is the rest of senior management. YRI remains what it was a year ago and six months ago -- about the last time I bought stock ($1.60 or $1.65) -- a medium and long-term play. We believe things are turning around but it is still up to the market to decide our fate. I'd add that you can't have a stock double in a single day and not see big profit-taking. But we are sticking to our knitting, having just produced the first sweater. Greg