ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Link Lady who wrote (2882)	2/20/1999 8:34:00 PM
From: Mr. Oil	Read Replies (1) of 3282

>>The premium Barrick is paying - nearly 90% above STT's February 16th closing price - indicates that the major didn't want to hear "NO!" twice in the same month.<< This begs the question. Did Sutton shareholders benefit from the ARP shareholders saying NO to the ABX hostile bid? No doubt ABX didn't try a hostile take over of STT because it didn't work so well on ARP. Now can we assume that they get a little more friendly with ARP to put together a deal that is fair for all ARP shareholders? ABX is in a buying mode so I would expect we will hear from them soon. The drilling continues and Mr. Lundin has given notice that he is willing to deal based on a resource closer to the 20 m oz. ABX may be willing to wait and see but they won't likely pay for 20 m oz. unless the upside goes to 30 m. They will want some discount IMHO. This should get interesting again though! Ray

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