Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: wayne who wrote (1677)	11/18/1998 5:42:00 PM
From: G	Respond to of 2346

i for one do not like the idea of raising capital at $1CDN share. ARP stock wnet from .70 to over $2 in less than a month and then raised $5mm at something like $2 share. y would yri sell out to thier shareholders. IMO y not wait for these drill results are out and raise $$$ then. It sounds like the drills have turned up good #'s. it dont make sense to me. what does make sense is that insiders at Cannacord started to promtoe the stock a month ago, probably the same type yri started to negotiate this financing. they r diluting the shit out of this stock. i thought vic bradley wanted to maximize shareholder value.... dont look like it me. as for the question y would someone pay more than $1 for the stock when they can but form cannacord at $1 +warrant is a damn good question. i guess we know y the stock retreated yesterday

To: wayne who wrote (1677)	11/18/1998 5:53:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 2346

yes,That is why Yamana will open up at less than $1.This is a sweetheart deal for Cannacord.They could have waited to announce a financing after results are in for Bacon and Lejano. Based on the very optimistic statements from Richard Walters on February 18th 1998 I continue to have great expectations for Yamana but I am getting fed up with this constant dilution with no ozs in the ground resource at Lejano or Bacon.I most certainly expected another financing but I figured it would occur at much higher levels than $1. By the way Richard Walters said "Based on current metal prices,we're looking at rock with a gross value of between US$100 and US$300 per tonne.There's little question in my mind that ve've the makings of a low -cost,high margin silver and lead mine.What's not yet clear is just how big it will be." Elizabeth will have an opportunity to cover this week. On the topic of shorting, according to the short interest position as of October 30th as printed in the National Post this weekend,Yamana is not listed.The short interest tables only list stocks with a short position greater than 50,000 shares or a change of 25,000 shares. Richard