ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Claude Cormier who wrote (1656)	12/13/1998 10:29:00 PM
From: Daytek77	Read Replies (1) of 3282

Claude If you are going to make a hostile bid and there are results pending why would you leave a higher offer on the table? They(Barrick) can increase their offer if need. I would think you want to start from a lower base under that scenario. The Arequipa situation was different. It was anything but hostile. They had a slight disagreement on price. After the initial offer, Barrick asked Arequipa to drill the property extensively and they also asked the data to be analyzed at three different labs. Those results led to a slightly sweetened offer, because as you say at that point they were convinced they had a bigger deposit than they were stating publicly. This situation is different. They do not have ARP on board so they will leave the lower offer on the table knowing they can raise it if needed. The wild card is what other offers they (ARP) get if any. If there are no competing bids Barrick will win the deal. The conclusion is not clear in my mind while you seem to think that it is over. Tony

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