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

To: Enigma who wrote (653)	10/26/1998 4:53:00 PM
From: waldo	Read Replies (1) \| Respond to of 3282

E, not sure about the P Pill....will check...as of last Wednesday , 82 has bought close to the same amount of shares that NEM has purchased by way of PP. Interesting hey? 82 bought 244,000 more today...they seem to be in no hurry...month end and all ;>) W

To: Enigma who wrote (653)	10/26/1998 10:43:00 PM
From: C Bunka	Read Replies (1) \| Respond to of 3282

I'm workin' too much and my head is kind of fuzzy, so feel free to correct my personal brand of logic... But if someone wanted to buy a 10% interest in Veladero through ARP wouldn't it work this way: ARP has roughly 35 million shares out, so 10% is 3.5 million. But ARP only has 60% interest in Veladero... ARP cannot offer to sell the 40% interest it does not have. Buying all 35 million shares of ARP would only get you 60% of Veladero, so you would need to buy 1/6 of ARP to get 10% of Veladero. So someone wanting to buy would need to buy 5.83 million shares, wouldn't they? Correct me if I have missed something. Maybe it is all academic anyway, but if this is correct then Barrick would be in the market for about 6 million shares of ARP.