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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Jan 9 9:30 AM EST

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To: Handshake™ who wrote (8151)12/31/1998 10:31:00 AM
From: Handshake™  Read Replies (2) of 25548
 
ARP...
"before further exploration results are announced " (this is one to remember folks)

In making its recommendation, the Board concluded that:

- The Barrick offer is inadequate, opportunistic and coercive

- In the opinion of LOM, the offer significantly undervalues Argentina Gold shares and is inadequate

- The market clearly recognizes that the Barrick offer is inadequate

- Barrick has rushed its offer in an attempt to acquire 100 percent of the Veladero Project before further exploration results are announced

- The Barrick offer is inadequate and fails to give recognition to the underlying fundamental value of Argentina Gold and its very prospective exploration properties

- Barrick has confirmed that the value of Argentina Gold is substantially greater than its offer

- Barrick's offer is its latest coercive attempt to obtain control of the Veladero Project without paying fair value

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