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Gold/Mining/Energy : ARP - V Argentina Gold

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To: russet who wrote (2524)2/4/1999 12:46:00 PM
From: Silver Super Bull  Read Replies (1) of 3282
 
Russet,

The common thinking among people is that Barrick's presence will preclude other potential bidders. The stock price movement seems to reflect this.

I am not sure this is a good assumption to make. I think that other bidders will materialize once we get more drill results. In my opinion, there is just too much value here to sell for a low price. I am very confident the Lundins will be able to attract better bids. In fact, I have added to my holdings at current prices. Sure, I might be wrong in doing so, but I feel comfortable with the situation.

Perhaps the greatest wildcard here is the unexplored properties ARP has.

DB
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