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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 (1284)	6/3/1998 4:41:00 PM
From: kingfisher	Respond to of 2346

Thanks Greg, Yes your response does help.I feel that the price weakness in Yamana also may be from individuals assuming there will not be any significant news from Yamana till late fall and are bailing out with the intention of jumping back in September. It is my hope that management fools everybody and waits till all this selling dies down and then surprises the market with a major announcement. At these levels a few majors with lots of cash must be eying Yamana pretty good.Their strategy knowing the markets are in the dumpster would be to make everybody sweat it out and then bam take over offer at $2.25. If these low prices persist there will have to be massive consolidation in this industry.Either take overs or mergers. My timing in investing has never been good but as long as the fundamentals are intact I will not sell. This will turn around because based on your preliminary grades at Lejano and Bacon even if silver drops to $3.50 this deposit would be quite profitable. Thanks, Richard