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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Enigma who wrote (2514)2/3/1999 2:40:00 PM
From: Gunnar  Read Replies (1) of 3282
 
We don't know the price Lundin got when he sold, but at what price he bought the new PP. The difference in price between those two is the price of holding Barrick from a majority position.

The ultimate position in this chicken race is that Lundin can do a new PP if he finds it necessary.

Barrick knows that. The present $5 bid is just a cheap way of scaring some share holders. The logic of the game will give us a new higher bid. Lay back.

Regards,
Gunnar
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