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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Claude Cormier who wrote (1623)12/12/1998 8:54:00 PM
From: Mr. Oil  Read Replies (2) of 3282
 
If I don't make any additional gain that won't bother me too much. The fact is I am safely speculating that there is an outside chance that it could be more than 15 to 20% simply by ARP identifying a larger resource that is expected or a competing bid for ARP may drive Barrick to up the anti simply because they have close proximity resources and Valderado would be very cheap even if they pay a 20 to 30% premium on what it would normally cost. The action of Barrick seems to indicate that they are interested to get ARP and intrench their holdings in Argentina as the largest producer. Time will tell but suffice to say that I think ARP at 5.30 is a safe investment.

Ray
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