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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Ed Pakstas who wrote (697)10/28/1998 8:58:00 PM
From: waldo  Read Replies (1) of 3282
 
Ed, speakin of "neck n neck" ...from Insider Report:

>>Argentina Gold [ARP.V]Continues Trading Strongly

We are happy to see that ARP is still trading strongly on speculation of further assays from their Veladero project in Argentina. It traded 1.8 million shares today and rose 10 cents to $2.40. The sustained action is being driven by rumors of another impressive intersection in hole 84, assays for which are expected within a few days.

As we noted previously, investor willingness to speculate on high-risk/high-reward plays has been drained over the past couple of years, and it must return before we will ever see a true recovery in the VSE. While ARP is certainly evidence of renewed confidence, there are others as well. For example, Winspear Resources [WSP.V] has been keeping ARP company on the leader board. WSP traded over three million shares today and closed at $2.38, up 50% in a week. WSP is being lifted by anticipation of more drill-hole and bulk-sample assays from its Snap Lake diamond property.

Two super-hot mining plays at the same time...hmmm!<<

82 is closing in on 9% of the outstanding shares in 5 trading days.

W
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