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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Claude Cormier who wrote (2557)2/5/1999 3:54:00 PM
From: tanoose   of 3282
 
Hello Ray/Claude;

I doubt it would take much for the Lundin's to now get the bid back to original asking, which I think was $6.75, that would fall into a nice tidy sum for these placees??.........or even the original private offer of $5.50 for that matter?? With the $5.00 offer, the minimum risk is $500,000 downside, with a possible gain of the same if ABX came back with their original offer??

Besides they know the floor is $5.00, so the downside is completely covered?? It is a complete big money play at that point??

With regards,Frank
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