ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: goldenbloke who wrote (3248)	4/18/1999 8:27:00 AM
From: C Bunka	Read Replies (1) of 3282

If drill rigs are being shut down it is likely an indication that winter is approaching. We always knew that April-May would represent the end of drilling. Barrick would be nuts to not fund all requests from ARP for drilling - Barrick can't run the risk of having their 40% interest diluted by refusing to come up with proportional funding. And I don't think ARP needs the money, anyhow. Any other company that wants to take ARP out will pretty much have to do so this week. I don't expect Barrick will as it has never been in their interests to delay a takeover - it has always been in their interest to speed up a takeover and thus prevent additional data on the property from emerging. (I'd LIKE to see Barrick back - I still hold a couple thousand shares.) ARP stock should rise about CDN $0.80 for each US $1.00 rise in the price of Homestake stock. .545 x CDN 1.5 The Nasdaq market topped out last week. It will correct by 15% to 20% in the next couple weeks. Will NYSE correct also? Probably. Gold stocks might rise strongly in the days and weeks ahead. ARP will benefit. I wish the Homestake bid would fail. It won't. But I wish it would. ARP stock would drop on the disappointment, I'd come back in at $4 or $5 and buy every share I could. In a year or two this thing would go to $30 based on what will be a rising gold price and continued gold discoveries at Veladero. You are right - there are few discoveries of this magnitude left to be made anywhere in the world. It's too bad we don't get to realize the full value. I've been saying for two years that Filo Federico would evenutualy produce good high-grade zones. I'm not at all surprised. It is incredibly ignorant to assume that each and every high grade zone at Veladero has already been discovered. Right now, it looks to me that we have two starter pits: Filo Federico and Amable. The long zone in between may indeed connect these two, but for now it is at lower grades of under 1gpt. If another high grade zone is found in between, then BINGO! Alas, we only have one more week before ARP sells out. Too bad.

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