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

ARP 31.88

+0.2%

Nov 11 2:50 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Oil who wrote (2223)	1/26/1999 11:17:00 PM
From: C Bunka	Read Replies (3) of 3282

Well said. And I happen to agree with most of your analysis of the situation. The truth of this is that ARP and ABX despise one another. ARP management would likely say "no" to nearly any proposal received from ABX. I think that what ARP really wants is to sell the Veladero property only but hang on to much of the rest of their huge land position. Review some of the news releases and conference calls and you keep seeing things like "ARP has assembled a great team". This tells me that they want to keep working. How better to do this than to fill the treasury and then be able to use all that firepower to explore addition areas of the Argentina El Indio belt? After all, if you were the Lundin's and you owned, say, 5 million shares of ARP, is there really THAT big a difference between a $25 million payout and a $30 million payout? I don't think so. I think ARP management wants to remain in business and thus receive the benefits of some form of buyout yet still maintain the potential for further gains in simialr projects. There just is not an awful lot of real estate anywhere in the world as prospective as ARP's. If Barrick had a brain it would offer the equivalent of $5.50 per share to ARP NOT to take over the company, but instead to lock up 100% of Veladero. Everyone saves face and everyone gets what they really want. I applaud ARP management for trying to fend off Barrick. All of the above is my opinion only. I have sold a lot of my position north of $5.00 for the sake of prudence (I never sold anything all the way up) but am still long the stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next