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Gold/Mining/Energy : ARP - V Argentina Gold
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To: C Bunka who wrote (656)10/26/1998 11:23:00 PM
From: Enigma  Read Replies (1) of 3282
 
C B - my head was kinda fuzza too - I was confusing Barrick's 40% interest in the joint venture with a stock position. So the situation is somewhat the reverse of what I was saying. If NEM or Barrick decide they want to make an offer for ARP at some point, NEM will start from a better position because it already has a share interest in ARP - admittedly small. If this play turns out to be something big it is highly likely that one or both of these companies will make a bid for ARP. E
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