ARP - V Argentina Gold Message Board

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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: Mr. Oil who wrote (2223)	2/19/1999 9:03:00 AM
From: John BOYCE	Read Replies (1) of 3282

Great posting Ray,after reading Barrick paying $525 million for Sutton (89% premium ), leaves me shaking my head. The site contains an estimated 8.8 milion oz, in a relatively unstable country, and to me Barrick's price in mind boggling. It was interesting to read that Vince Borg of Barrick noted that they had the money to do both the Sutton and ARP deals if they had wanted. ARP is hoping to have an updated estimate of reserves put out today I believe, so should be interesting. The only thing I can think of is their must have been so much anamosity between the two sides that the deal never went through, but hopefully, after a cooling off period and in light of the Sutton deal, something can be worked out. Take care John B.

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