Member Info for NoelShempsky

There was an RNS yesterday which caused a lot of excitement. Let's review the comments. "Still rising! This should take us back to the 1 penny mark we were at 2 months ago" "I think this will be the start of the rise" "... will open stronger tomorrow IMO." Today the smart money has used the rise in the sp to get out, there have been some big sells and the sp is slipping back.

There was an RNS yesterday which caused a lot of excitement. Let's review the comments. "Still rising! This should take us back to the 1 penny mark we were at 2 months ago" "I think this will be the start of the rise" "... will open stronger tomorrow IMO." Today the smart money has used the rise in the sp to get out, there have been some big sells and the sp is slipping back. Now let's see who made a good call yesterday. From mannan - "if there is rise i bet its only for today" I have had my eye on this board for quite a few months and one thing I have noticed is that TBG1 gets a lot of criticism but so far his opinion has been the one that was right. The others who are constantly upbeat and calling this a good company seem to be totally deluded, - they get so excited at every RNS but seem to fail to see the trend in the share price - down. If it ever gets back to 0.9p I'm out.

Please don't take this as investment advice, it is just my rambling thoughts on the stock. They missed an earnings target earlier this year so that caused a setback but my optimism for the future is based on their intention to increase production. See RNS 04/05/2010 http://www.investegate.co.uk/Article.aspx?id=20100504070000P098D "an exploration program which is expected to deliver strong results this year and further cash flow growth anticipated in 2010" "2010 is expected to be a significant year of achievement for Yamana." "The first quarter exhibited significant growth from last year," said Chuck Main, Yamana's executive vice president, finance and chief financial officer. "This sets the stage for solid results for the remainder of the year. We have a healthy cash balance and robust cash flow which is expected to experience further growth this year as we receive the full benefit from a full year of commercial production at Gualcamayo and the benefit of higher levels of production from El Penon." OK, that is the company speaking and they always have to be upbeat but around that time I read an independent review of the company, I wish I could find the link, and the author closely examined all the figures and concluded that YAU was a bit of a bargain and should be a big gainer.

The spread is a problem for short term traders, currently 595p bid, 630p ask, but about two months ago this SP was over 800p so I see 630p as not a bad entry point for those who can take the longer term view. The company recenlty increased the dividend by 50% and there is the possibility of further increases as production builds up. I consider 900p not an unrealistic target for six months to a year from now.

Understandable confusion, it gets me sometimes.

back at the £1 mark soon - be realistic, when was the last time you saw a share price rise by 100 times? More likely 0.6p soon.

I bought a few of these last year at 3.5p on the grounds of all the "potentail". Since then I have seen the situation for what it really is. We all make mistakes. I think TBG1 is the only poster on here who is being realistic about the prospects. Wake up everybody - think about why some on here are pushing this share so eagerly - what is their motive?