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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 649  
Subject: Yamana Asset Sale Has an Odor to It... Date: 6/20/2009 7:37 PM
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http://www.financialsense.com/fsn/main.html

1st Hour FS NewsTeam MP3 link: http://www.netcastdaily.com/broadcast/fsn2009-0620-1.mp3

About 53:45 minutes in, Yamana is discussed a bit. Seems 2 analysts along with John Doody(regular on Financial Sense Newshour & has his own investment newsletter) valued Yamana's assets 2 to 3 times higher than what they were sold for...

And coincidentally Marone & Mars, another board member of Yamana, are also on the board and have a financial interest in the acquiring company...

Conflict of interest anyone???

Maybe they need to update the Yamana Gold Inc. Code of Business Conduct and Ethics
Dated as of October 16, 2007

"CONFLICTS OF INTEREST

Employees, officers and directors of Yamana shall avoid situations where their personal interest could conflict with, or even appear to conflict with, the interests of the Company and its shareholders. In the event that any potential conflict of interest arises involving an employee or an officer, the individual involved must immediately notify the Chief Executive Officer in writing and no further action may be taken unless by the Chief Executive Officer. In the event that any potential conflict of interest arises involving a director, the individual must immediately notify the Lead Director of the Board of Directors and the Chairman and Chief Executive Officer or, in the case of a conflict involving the Lead Director of the Board, the Chairman of the Corporate Governance Committee and the Chairman and Chief Executive Officer, in writing and no further action may be taken unless authorized by the Lead Director of the Board or the Chairman of the Corporation Governance Committee, as applicable, and the Chairman and Chief Executive Officer."


Bad smells have driven me out of other companies and may do so again...

Take care, Ken (I own Yamana but may sell for personal dislike of unethical actions if this is all true.)
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