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Gold/Mining/Energy : ARP - V Argentina Gold

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To: tanoose who wrote (2427)1/31/1999 3:14:00 PM
From: mick  Read Replies (1) of 3282
 
Frank,

I just want to jam their FAX machine and fill their email system with junk.

I know Barrick wants this. Remember though, they lost in Indonesia (luck SOB's).

We all know that they are trying to take advantage of a depressed junior market. The more the Lundins can hold them off and prove the resource (I think it has close to doubled in size and with any luck it will have 20 mOz +), the more likely that Barrick will have to give a more reasonable offer.

Peter Munk isn't always tight fisted. He started bidding on Arequipa at $ 27. They really need to sharpen their pencils on this one. At 4.8 Moz at the start of the bid and all the land ARP has, the really screwed up not giving in to ARP's increased demands.

Cheers
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