AGM (VSE) AROYF (OTC) Ag Armeno Mines & Minerals Message Board

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Gold/Mining/Energy : AGM (VSE) AROYF (OTC) Ag Armeno Mines & Minerals

AGM 167.26

-3.1%

Jan 13 3:59 PM EST

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To: Richard Mazzarella who wrote (264)	5/5/1999 5:54:00 PM
From: Ed Fishbaine	Read Replies (2) of 317

Richard There is no way of knowing what the decision of the judge will be. The fact that he wants further submissions from both sides for his review suggests that it could go either way. IMO a ruling in favor of AGM would be a major plus and push the whole process closer to settlement. An unfavorable ruling will not stop Armeno's suit but I think it will add time until a settlement is reached. In any event, Newmont is not likely to be interested in moving into a production mode come November-December with this suit hanging over its head. It would much prefer to own the 20% interest instead of having to pay 20% of the mine's returns to Meruch. Why not make a deal with AGM in which AGM would drop its claim vs Newmont contingent on AGM prevailing in its suit vs Meruch at which point Newmont would acquire AGM (and thereby 90% of Meruch's 20%) for a predetermined price, probably largely in shares of Newmont? Ed

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