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: easyeric who wrote (2411)	1/31/1999 8:42:00 AM
From: Mr. Oil	Read Replies (1) of 3282

Well for a guy who professes to be easy you don't ask easy questions. The Lundins didn't talk to me before they did their PP so i will only give you my opinion. From the NR. >>Adolf H. Lundin agreed to facilitate the financing through the sale of 2,000,000 shares from his holdings at a price of $5.25 per share to a number of institutional investors. << They didn't say exactly WHO but they did say it was institutional investors. These are people who have been brought into the table and shown the evidence to give them security and comfort. They must be very sure ARP has much more than the 4.5 m oz proven to date. >>With the proceeds of such sale, Lundin will be purchasing the private placement. At the conclusion of the financing, Lundin will continue to hold the same number of shares which he held prior to the financing and will receive no economic benefit as a result of the transaction. The Company will be paying a standard commission on the transaction.<< If Lundin is going to sell 2,000,000 shares and lie to the rest of the shareholders about the PP then we are all shafted! From what I know of the Lundins they are not crooks. They are shrude, competent and hard working business people. Others on this thread have stated that this is not the first time the Lundins have been in this type of a situation. I think they have a track record which will stand up to scrutney. Perhaps someone who knows them better than I would better speak to this issue. I really don't think they will do exactly what they are telling all the other shareholders not to do for a lousy .25/share. Not very likely!!! My understanding is that ABX wants it all but must get 51.1% if they are going to buy any. In other words if they get at least 51.1% everyone who wants to sell to Barrick at $5.00 will have a 10 day period to tender their shares after the anouncement that Barrick has received the 51.1%. You won't get stuck with share that won't be bought by Barrick. Hope this helps. Ray

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next