ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: John BOYCE who wrote (2787)	2/17/1999 7:59:00 PM
From: Pianoman1997	Read Replies (1) of 3282

John, Just my opinion and I could be wrong. The way I see it is that Barrick made a fair offer (5$) considering what is there so far and maybe a bit more. What ARP Management is telling us is that there is a good chance of a lot more than what ABX was paying for, but of course it is pure speculation right now and we are many more holes from that. In the last few sessions the short term players in it for a takeover battle are disappointed and are bailing out and other traders knew that the price would head south after the deadline and sold. Drilling so far justifies the current (3.80$) price at least, so for a while the price should stabilize. If drill results continue to be good, ARP price should go along. Don't forget that Peter Munk is probably back temporary behind Barrick and he knows what he's doing. My guess is that Barrick did not say its last word... Time will tell. If you're down a lot right now personally I would hold. Expect a lot of volatility. Dan

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