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: Neil Irwin who wrote (1924)	1/7/1999 5:43:00 PM
From: G	Read Replies (1) \| Respond to of 2346

hard to understand why yri has been going down this week, when silver is rallying nicely..... imo there is cause for concern, with the upcoming drill results... scotia mcloed unloaded 35k shares today while cannacord and hsbc capel seemed to do most if the buying.... any idea when the drill results will be out?

To: Neil Irwin who wrote (1924)	1/8/1999 9:36:00 AM
From: kingfisher	Read Replies (1) \| Respond to of 2346

From The Street.com Positive Article on Silver Bearly bullish -- the silver lining: Every time Bill Fleckenstein of Fleckenstein Capital is mentioned here, it has to do with a bearish call on PC makers. Does he like anything? Yes, but even when he's bullish, he's contrary. The one company whose stock he currently owns personally and in his hedge fund, and on whose board he sits, is Vancouver-based Pan America Silver (PAASF:Nasdaq). Fleckenstein considers it one of two silver pure plays; the other, Apex Silver Mines (SIL:AMEX), counts George Soros as a lead investor. Why silver, and why this company? As for silver, Fleckenstein points out that Warren Buffett talked at length during last year's Berkshire Hathaway annual meeting about why he bought silver. A key point, to which Fleckenstein subscribes, is a growing demand/supply imbalance: Inventories of silver bars in warehouses are being whittled down but silver mine production is not growing. As inventories continue to shrink, silver prices should start rising, which should help companies like Pan American. Fleckenstein says the company has the potential (if all its mines and reserves were in production) of being the world's second-largest silver producer. Silver, he points out, was joined only by palladium in not collapsing along with other commodities in last year's fourth quarter. "At some point, things start to gather investment demand," he says. "And if you believe silver could one day have a multidollar rally," that could ultimately generate a fast ramp in earnings. With the stock closing yesterday at 5 3/4, that's a bet he doesn't believe he can afford not to make.