To: Greg W. Taylor who wrote (1098 ) 3/25/1998 4:45:00 PM From: Rick McDougall Read Replies (2) | Respond to of 2346
Greg I've been watching MAI for over a year. During the last 3 weeks the stock has doubled in price & then today we get the news release from them. I assume that over the last 3 weeks the insiders established their positions before they released the news to the general public. Unfortunately the share price of MAI has already discounted todays NR. No opportunity for investors on the street. We are still not on a level playing field here. BTW no reflection on YRI or your excellent service on this thread. I suppose the bright side is that YRI has prospective properties in the immediate area. Best regards, Rick Cdn Resources & PennyMines Analyst gives Yamana an exceptional geological value rating Yamana Resources Inc YRI Shares issued 27,316,990 Mar 24 close $1.54 Wed 25 Mar 98 In the News The March issue of Canadian Resources & PennyMines Analyst gives Yamana a geological value rating of exceptional. The company jumped recently with an interception of high grade silver with associated gold and base metals values at its 100% owned Santa Cruz Vanguardia project in Argentina. Of 35 holes drill at two targets, 33 contained significant mineralization, the best of which was 12m of 642 g/t Ag with 1.78 g/t Au and 6.1% Pb. The Analyst notes that additional drilling is planned on several targets with the ultimate goal a low cost silver-lead mine. Yamana also holds interests in base and precious metals properties elsewhere in Argentina, plus Chile, Paraguay, Papua New Guinea, Indonesia and Washington State. The Analyst says that Yamana's wide range of properties, proven management and solid financing make it a speculative buy. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com