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

To: Kevin Vickers who wrote (1327)	6/9/1998 9:55:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 2346

Kevin, You are overreacting to the price of golds effect on Yamana.IMHO Yamana is a silver play and albeit the price of silver is somewhat tied to gold there is evidence that this association is discoupling. Very few speculators expected to see the E.C.U hold 25% reserves in the form of gold. I personally have never been positive for gold. Todays weakness perhaps can be attributed to John Kaisers report on Friday suggesting that there is a serious liquidity crisis effecting junior resource stocks and this will probably get worse before it gets better. If the next six holes results are very good it may not attract much speculative attention from the market but you can rest assured that the geological departments from Barrick,Placer Dome etc.. any cash rich senior will be paying attention. If Yamana has the goods in Lejano and Bacon and I am confident they do,some deal will be worked out and the value will eventually be reflected in the market. Richard