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Gold/Mining/Energy : ARP - V Argentina Gold
ARP 31.88+0.2%Nov 11 2:50 PM EST

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To: LaFayette555 who wrote (2674)2/9/1999 11:27:00 AM
From: Zardoz  Read Replies (4) of 3282
 
Nooo I think you are missing the lesson that others are learning.
Who is buying? Hedge speculators.
Why? They'll go to ABX and offer their shares to them for $5.00
ABX won... It's a classic take the offer or sell lesson. They'll get ARP for $5.00 if they still want it. Many people won't know until later in the day that the deal fell through {Yes, I'm sure this thread knows} but most people invest in specs, and wait, and work real jobs. When they get home, and check.... They'll scream. And tomorrow {later today} the real paper will fly.

Second: This is not a proven reserve... I say it's very skeptical. The money they have is slim to little. The managment suggests they can get a better deal, yet none have shown themselfs yet. ABX deal wasn't a fair bid, but ARP managment is incompetent.

Just my opinions.
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