ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: David in Ontario who wrote (2105)	1/22/1999 9:06:00 PM
From: Mr. Oil	Read Replies (1) of 3282

>>The ARP drilling results are very positive...so what will Barrick do...how about making a better offer! The first was @4, now it's @5...I can wait.<< David I am with you. There are lots of reasons to wait. Time is on our side and results of more drilling will very likely increase the reserve. Just one thing. Barrick wants folks to think their first offer was $4.00. This was their 2nd offer. Their 1st was 5.50 with conditions. Those conditions not being agreed to they made the $4.00 offer. They are still not up to their first offer at $5.00. They are negotiating tough and it is fooling some. They must better their offer and by that I mean better than $5.50. That is reality. Either wise the offer of $5.00 is woefully inadequate. With the potential of 20 m oz they can easily justify a buy out of $10. If forced to by a counter suitor I think they will. This find is rich! Ray

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