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Gold/Mining/Energy : YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In MagnetOp -- Ignore unavailable to you. Want to Upgrade?

To: Adrian du Plessis who wrote (212)	7/12/1998 4:18:00 AM
From: Ned Land	Read Replies (1) \| Respond to of 314

Adrian, you've documented the failure of Canadian fund managers to perform more thorough due diligence of companies like YBM, but I think that there's a little more to the story, and I'd like your thoughts. I think that the fact so much managed money in Canada is RRSP related, and therefore ear-marked for Canadian companies, means that fund managers are not a diligent as they might otherwise be; when they find an apparently growing, RRSP-eligible company, they're so plagued by a lack of alternatives they quickly write a cheque. I'm sure that others are simply lazy or poor managers, but maybe this plays some role as well.