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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Ptaskmaster who wrote (2950)2/23/1999 3:11:00 PM
From: mick  Read Replies (1) of 3282
 
I don't interpret it that way.

As far as I can tell, all shareholders would have the same benefit, except for the hostile group.

Don't even really think about this from that point of view. I look at fundamentals (i.e. - do they have gold and what is POG?) and market conditions.

I am just not sure market conditions will continue to support growth in the price. With winter coming in ARP land, there should be some opportunities to acquire it at low values again (i.e. now news in a skittish market is interpreted as bad news). If I was ABX, I would let the Lundins continue to prove up the resource. They can wait a long time, especially when they have the Sutton property to add. I don't see it consistently holding above $ 5 until the fall.

I will look for opportunities in the spring & summer.

Cheers
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