ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Zeev Hed who wrote (7305)	11/21/1997 10:47:00 AM
From: Wags	Read Replies (1) of 9164

Zeev: While re-reading some previous posts(seeing as things have been awfully quiet around here lately), I get the feeling that you feel a buy-out by the Lundins would be negative. I'm neither for nor against the Lundins, but I am curious as to why an offer by this group would be necessarily bad. Assuming an offer would have to be at least $5+ to be taken seriously, and with the stock price seemingly cemented in the low $3's, I personally would welcome $5 or higher. Are you against this scenario because of all the stockholders who bought in the upper ranges and would take a large loss, or is there something else hiding on the sidelines I'm unaware of? Any thoughts? Appreciate your input. AL

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