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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 whitehorn1on Jun 27, 2015 10:05pm
196 Views
Post# 23874733

Wheres bottom?

Wheres bottom?YRI is making 52 week lows on a daily basis. I wonder where the absolute bottom will be going forward. I do not own and sold my position back in Aug 2012 for 16 dollars. I watch YRI as owned this for a few years prior to that time. That being said, once the gold sector finally finds a bottom (up to debate year(s)), I think this will be one of the greatest opportunities in precious metals for upside 10-20 baggers will be possible. The trick here is need to be in the ones that don't dilute with equity placements or will go bankrupt, and able to survive for at least another year. It is amazing when you look at how beaten up the gold sector and very few are exempt from the massacre. The bright side, prepare your positions, which appears the bottom is almost there i.e. within the next year or two. It is an absolute terrible environment but that will change, as supply is quickly being starved off globally.
Bullboard Posts