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

To: Mr. Oil who wrote (1624)12/13/1998 1:12:00 AM
From: Enigma  Respond to of 3282
 
In turning down $5.50 does one assume they already have a very good idea of the current drill holes - or are they playing poker? E



To: Mr. Oil who wrote (1624)12/13/1998 12:59:00 PM
From: Claude Cormier  Respond to of 3282
 
<<or a competing bid for ARP may drive Barrick >>

I doubt somebody will be interested in ARP other than ABX. And it could well be that ABX get it at something lower than $5.50. After all we are still very far from a 6-7M+ ounces deposit that would justify a $5.50 bid. If the next holes do not indicate such a possibility..ABX might well sight on its $4.00 hostile bid and eventuallyu get it.


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