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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Enigma who wrote (1941)1/17/1999 11:42:00 AM
From: Silver Super Bull  Read Replies (1) of 3282
 
I think the stock shot up to around $5.50 in response to the Lundins rejecting the "private" $5.50 bid from Barrick. Then Barrick rolled out the $4.00 hostile bid. This is why the $4.00 bid makes little sense...because it has always been below market. Why would anyone tender shares at a below market bid? And if Barrick wants the property, which seems obvious, an aggressive above market bid could possibly scare off other potential acquirers.

DB
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