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

To: G who wrote (1034)	3/10/1998 4:16:00 PM
From: Alex Harrington	Read Replies (3) \| Respond to of 2346

Bishop doesn't like YRI Yamana Resources Inc - Bishop says sell -- time has finally run out on this one Yamana Resources Inc YRI Shares issued 27316990 1998-03-09 close $1.65 Tuesday Mar 10 1998 Robert Bishop, writing in the February 27 issue of Gold Mining Stock Report, says long-time favourite Yamana Resources is a sell at $1.41. The stock picker notes Yamana's near-tripling in price from the $0.50 level on the strength of a silver discovery, adding that a geologist friend expresses caution over the "modest" tonnage implications of the find. "I don't find this being viewed as a major discovery," he says. Mr Bishop recommended South America and Indonesia gold explorer Yamana a strong buy in April 1995 at $1.70, and again in May 1995 at $2, when he said: "Your time to own it near current levels is running out." The following August, Mr Bishop reported Yamana, then at $3, was being pursued by a number of major companies. In October 1995, the letter writer advised buying on weakness at $2.75 or below. In May 1996, Mr Bishop said buy again on weakness at around the $4 level; at the time, Yamana was trading at $5.40. In February 1997, Mr Bishop said YRI represented good value in the mid-$5 range. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com