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

To: G who wrote (1094)	3/24/1998 6:06:00 AM
From: Rick McDougall	Respond to of 2346

Don't know where this came from????????? Kaiser says buy or hold. Yamana Resources Inc YRI Shares issued 27,316,990 Mar 19 close $1.53 Mon 23 Mar 98 In the News John Kaiser, writing in his Bottom Fish Tracker of March 20, says Yamana Resources is an "accumulation target" or a hold at $1.50 and under. Mr Kasier is optimistic in the long term about the stock, which recently made a promising silver discovery in Argentina. Until the end of summer, however, the former Vancouver stock analyst cautions investors can expect Yamana to undergo prices swings that for the quick-footed could provide opportunities. Mr Kaiser, noting YRI's price resistance at $3, says the cause of the fluctuations will be a combination of the rising and falling fortunes of silver, which has pulled back from its recent filip sparked by US super-investor Warren Buffett, and because Yamana's Lejano property can not even be confirmed as a major discovery until the last quarter. Still, now is the time to be accumulating stocks such as Yamaha, Mr Kaiser argues. He says the junior market is turning into a paradise for patient, longer-term investors he says. Mr Kaiser recommended the stock in December at $0.74. When he issued his Tracker, YRI traded at a little over $1.50.