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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Rocket Red who wrote (1478)12/9/1998 12:53:00 AM
From: Steven Lolas  Read Replies (1) of 3282
 
Red, this is great news for ARP shareholders,but remember nobody plays hardball like Barrick,they stole AQP a few years ago,doubled or tripled the orebody and will produce at under a $100 an ounce. Barrick after looking at Bre-X core stayed quiet,they knew there was no gold there.Barrick with their interests on this property has already valued it at $750 million Canadian,if they pull their bid will Newmont match,unlikely,Barrick has the upper hand and will grind it out until they get what they want,but $5.50 to $7 isn't chicken feed. Good Luck Steven Lolas
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