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Gold/Mining/Energy : ARP - V Argentina Gold
ARP 31.62-1.3%Nov 13 3:54 PM EST

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To: Link Lady who wrote (2650)2/9/1999 9:20:00 AM
From: Bat Man  Read Replies (1) of 3282
 
The NR says Melnuk left for personal reasons, which probably means a personal disagreement with Mr. Munk over the handling of the bid for ARP. eg. letting the cat out of the bag over the lock up price of $5.50. The stock went almost immediately to that price and ABX was wasting time on a $4.00 bid. It smells like politics to me.
Anyway we'll see what happens. Barrick is probably still in New York trying to negotiate a deal with the 'Funds' unless they have reached the 50.1% which I doubt.
Elmer
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