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

To: Mr. Oil who wrote (1687)11/18/1998 9:41:00 PM
From: kingfisher  Read Replies (1) | Respond to of 2346
 
Ray,You asked how this will be of value to Yamana shareholders?If you are a short term player perhaps not much.If you are a long term investor your company has the potential to raise up to $15million to drill in Argentina and prove out a resource of 200million ozs of silver.On a fully diluted basis within 2 years Yamana has the potential to trade up to $5 or $6 per share.Dilution will not be a concern with a good drilling season up to May of 1999.This is their year to prove out a mine.If they do not succeed Yamana's future is dismal.

Richard



To: Mr. Oil who wrote (1687)11/18/1998 9:54:00 PM
From: G  Read Replies (1) | Respond to of 2346
 
this ia 1 of Peter Munks GOlden Rules from his book. ceo of ABX
Rule #1

Never raise $$$$ when u need. Raise it when fin mkts are buoyant;
interest when mkts are depressed.
take it for what its worht , but i feel we've been railroaded.
time will tell.


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