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Gold/Mining/Energy : ARP - V Argentina Gold

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To: LABMAN who wrote (1468)12/9/1998 12:23:00 AM
From: The Fix  Read Replies (1) of 3282
 
Labman, In all honesty I cannot comment on the opening and Closing prices (OK I'll say opens over $3 and closes under $10 <ggg>). I haven't really followed this play all that much. I've traded it over the last month or so. I own a pile of ABX and will say this that Carrington and Oliphant always shot low. If the first offer was $4 1/4 Cdn, than this play is worth $8 plus cdn with the current info that ABX has. Lundin and ARP might settle for $6 plus. ABX will not be out done by Newmont. Newmont might offer $6 on a wim. The wild card in all this might be someone like Placer coming in with a $10 cdn offer.

This is a great sign for the Junior market.

fIXER
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