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Gold/Mining/Energy : ARP - V Argentina Gold
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To: John BOYCE who wrote (2500)2/2/1999 1:32:00 PM
From: Syncrude  Read Replies (1) of 3282
 
John,

I think that you must accept that much of the drilling results were already expected and that the WOW factor is over. Unless ARP comes up with something completely unexpected on the positive side, drill results will not drive the stock price. The price of $5.00 had discounted much of the drilling results to date.

Many people have made up their minds either to sell out to the REDUCED offer from ABX (from $5.50 to $5.00) and fear the threat of taking the company private OR are willing to wait it out until interest is shown by another major or a positive surprise from another area of drilling.
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