In fact I wonder if you are not being paid by ABX to help sell the ABX bid. I am not accusing you of that, but your obvious presentation of the ABX bid as being fair when ARP management and Scotia MeCloud and Loewen, Ondaatje, McCutcheon Limited are all saying the the ABX offer of $5 is inadequate, opportunistic and coercive seems too conspicious. Note this from form 61 at Sedar and #reply-7598756
I have to comment on this...sorry! Have you ever noticed that even a "piece of crap stock" has at least one brokerage saying its a buy? Thats because all "lead brokerages", the ones that do the PP's have a vested interest, they make money on recommending the piece of crap!!
In ARPS case it is not a piece of crap, however, the companies you have mentioned that have said that the $5 is inadequate, hold a tonne of ARP paper...would you honestly expect them to say that $5 is a good bid, when they could squeeze more blood??
Now if PDG came out and said $5 was cheap, then you'd have something to tout!! Until then, ABX offer of $5 is the only one on the table, and like others on this thread, believe ABX's ownership of 40% in this project, is hindering others coming forward with a higher offer, and puts ABX in the drivers seat.
Lastly always appreciate there is a significant difference between OZ'S in the ground and "recoverable ounces"!! If the recovery is 70%, then don't count the other 30% because the bidder isn't!!
I hope you all make out like bandits!!
the Chief |
