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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 (1098)3/25/1998 4:06:00 PM
From: chris  Read Replies (2) | Respond to of 2346
 
Hi Greg, my name is chris, I am new to s.i. and have been following yri for some time now. I bought in at 1.90, but still have strong optimism for future prospects. I noticed your posting at aroud 3:20pm and was wondering how you got the news on "minera andes" before that? I saw it at just before 4pm on carlson newswire.
Regards, chris.
P.S. what do you think this will do for us?(long and short term)



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