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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Enigma who wrote (2104)1/22/1999 8:43:00 PM
From: Bill Jackson  Read Replies (1) of 3282
 
DD, If it was me, I would wait for the drills. Others will take the sure profit now, just in case the drills find nada and ABX cuts the offer again.
Most people will wait, institutional managers face the fact that a sure profit is in the bag if they sell. If they hang on for more and it tanks they could get fired, so some institutions will sell out. Most people will not. What is the distribution.
ABX 10%, control group 13%, insiders???, institutions???? Newmont???
public at large???
So I do not have answers either.

Bill
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