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Yamana Gold Inc. T.YRI

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.


TSX:YRI - Post by User

Bullboard Posts
Post by RichyRich$on Oct 31, 2014 4:46am
263 Views
Post# 23080430

Looks Like This Is True Bottom ...

Looks Like This Is True Bottom ...This looks like true bottom literally at 2008 levels. Premarket for Yamana this morning is not budging in spite of gold dropping more this morning. There'll be a boat load of new money coming in at this price. The only bad thing is less borrowing power now that under $5.00 you can only borrow 50% versus 70% if above $5.00. Margin Calls today will cause some selling on the Canadian side. But there should be enough buyers to overcome it. I'm Long 5 Years if need be. Ain't selling this puppy now at a 2008 bottom price!
Bullboard Posts