ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: tanoose who wrote (2477)	2/1/1999 7:53:00 PM
From: james flannigan	Read Replies (1) of 3282

Hi Frank,I think you could be right with no other bid at this point.I think it would be hard for a competing bid due to the fact that Barrick holds 40%,it makes a rival bid less likely though not impossible.But Barrick aproved 8000m of drilling in 99.We can reasonably assume that this will increase the over all value of the property,for both parties.ABX books will carry the new value in their reserves.Imagine how ABX will look adding reserve value to there balance sheet,while denying that same value to ARP.While ABX are robber barons,their past dealings show them to be fair when they buy a small JR.The low ball offers to date are part of the on going give and take process early in the game.If they were planning to walk,why did they extend the offer twice? Simple,they did'nt get the shares the needed.How are they going to get the shares,well mine are for sale at the right price.If they don't want my shares,I would be quite happy to hold them as long as the drill is turning.That is the reason we invest in these exploration plays to begin with. P.S. nice chatting with you, have a good evening.

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