Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (647)	10/26/1998 12:57:00 PM
From: waldo	Read Replies (2) \| Respond to of 3282

E...further to your line of thinking. It has been my experience that when a major has a foothold in a project(ABX's 40 %) that it is unusual for a second major to get involved. If a junior owns the majority of a project and needs more money, then it is OK for 2 or more companies to offer financing. I maintain that the Lundin's were not happy with ABX's complacency and went shopping. They could have not picked a better company (NEM) to antagonize Barrick. The Andean mountain play may represent over 20 million ounces to ABX and they have to be looking at ARP very carefully. W

To: Enigma who wrote (647)	10/28/1998 5:33:00 AM
From: Jason Ellis	Read Replies (1) \| Respond to of 3282

Well boy, isn't that what ABX trying to do with Bre-X before they discover there is nothing? There is no significance of ABX, my boy, what they "think" there is gold or not is irrelevant. Their decision making is irrelevant, and on the other hand, even if ABX said there is no gold, it does not mean that is true. The fact that NEM is such a big player in this game is most likely 'cuz ABX is afraid of the Bre-X effect. Unlike AQP, ABX is no longer willing to buy more as they get burned from the experience of Bre-X. ABX has no way of knowing if history will repeat itself. Thus, ARP is a very significance turning point for the entire Canadian mining industry. It was in the news last week, that CBC news annouce ARP found gold in Argentina. Virtually every mining companies is watching this one. If they did find gold at the end, a lot of mining stocks will move back up, take EVR (Everest Mines) for instance, CBC news mentioned 10 days ago that some company found diamond up at the Alberta region, well, that's the kind of region that EVR is digging. But look at their stock, still sitting at 12 cents. The fact is, almost all mining, precious metal companies stock are undervalue, 'cuz of the Bre-X effect. Thus, it is important that ARP found gold, if at the end, it turns out to be another Bre-X, it will definitely set the entire mining industry back further than what Bre-X has done.