ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Joe Cool who wrote (2342)	1/29/1999 3:41:00 PM
From: mick	of 3282

Regarding Questions ABX is probably not sure. It is clear from the extension that they are probably far away and from the current price, they are getting farther away. The major shareholders that I know of are Barrick - 10 %, Newmont - 7 %, and I think the Lundin(sp?) family has 15 %. It would be interesting to know the rest. TD asset management holds about 10 %, but this maybe with a lot of individual investors. There appears to be no one large holder. ABX will buy on open market and you can tender directly through your broker. Don't do this until ABX gives a realistic offer (nothing under $ 25). If ABX succeeds, they will likely extend the offer to all shareholders. Being a junior position, you get no say in how the propety is handled. They could sit on it for a couple of years or more. The value would still be there, they would try to squeeze you out IMO. The lack of interest is some uncertainty in the full property potential (i.e. its 5 Moz, but is is 20 Moz+ - more drilling required). Barrick also holds 40 % of the property outside of ARP so most view it as there property. I also believe that the companies are acting in collusion. They don't want to start bidding wars.

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