ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: C Bunka who wrote (2226)	1/27/1999 5:42:00 AM
From: Gunnar	of 3282

Sell the Veledero or ARP? After each hole the deposit stands more and more on its own legs. The possibility for a new bidder is getting better after every new hole. It is also true that (1)The Lundins need the money in hand for their other projects, (2) Arp has some other potential areas that could be nice to keep after a bargain. (3) Barrick should be forced/have the interest to pay a higher price because of their deposit nearby than any other bidder. (4) A new bidder will of course wait and try to get in as late as possible, there for the price of the ARP share will accumulate in volume and have one or two final pushes the last two or three days before the deal is signed. I prefer the wait and see alternative from ARP. A new knight that gives ARP money for one more season. The drilling results are too good to not have afford waiting. Regards, Gunnar

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