ARP - V Argentina Gold Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ARP - V Argentina Gold

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zardoz who wrote (1984)	1/18/1999 10:43:00 AM
From: Syncrude	Read Replies (2) of 3282

I am not sure what you mean? The way I read it, Barrick is pretty well acknowledging that the first bid of $4.00 was off base. The latest bid is still lower than the pressure bid they privately made to management. If anyone wants $5.00, they can sell into the market right now. This is not happening. They (Barrick) have put into the press release words such as "remote" to scare investors into thinking no other company would touch Veladero! As well they are attempting to put a good face on Pascua by saying it is a stand-alone project, thus no pressure to get Valedero to make the Pascua economics adequate. Still an insulting offer, considering the circumstances under which they tried to grab the company in December with a holiday season, pre-drill result release sneak bid. They say it is final, but given the prospects why should ARP shareholders sell at all. We just have to wait for the next round of drilling results. No rush....maybe it is Barrick which is in a tight spot!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next