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

To: G who wrote (1576)	10/10/1998 11:15:00 PM
From: Yorikke	Respond to of 2346

Agreed. But jr metals don't seem to be for the good guys. Its more pigs to the trough. Times are hard. Greg put more into this venture than we did. How long can a person hold on to a belief? It doesn't feed the family. We can only hope that he makes it out as he deserves; well off and happy. How hard can we all hit? Seems that next week always gives us a bitter lesson in that. By the time the fat cats choke themselves on their paper we are going be like the Greenland Viking Colony...no swords, no cows, 4 foot 2 inches and dead of starvation in our beds. For them it was the mini ice age. For us it is the Gold Inversion. I'll take this anyday.....my risk, I hope, is only limited to my own stupidity! regards, mnmuench

To: G who wrote (1576)	10/12/1998 7:07:00 PM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 2346

I agree that there's more to it. As I pointed out a while back YRI changed its business plan from JV's to spending its own money. This escalates the risk for all the shareholders as the odds of discovery are low. I also pointed out that the exploration plan was not very focused and seemed to include drilling on some very grassroots properties in the hope of a discovery. They are doing this with company money not a partners. I am concerned that the change of plan may be a mistake. If YRI doesn't hit on these coming properties the stock will see 10 cents by May 99. The odds are low of hitting. And if they hit they have to raise more money. Is the plan workable is my question?