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


To: LaFayette555 who wrote (1914)1/13/1999 8:24:00 PM
From: tanoose  Read Replies (2) | Respond to of 3282
 
Hello Francois;

The intent is hostile, once they have declared their intent there should be nothing to stop them from further buying on the open market.

That I believe is why they are required by the exchanges to declare once they reach that 10% threshold.

As an example, Kinross Gold recently purchased more shares of a company, when they reached 10% they declared that it was for investment purposes, and then again when they reached 20%, they declared it was for investment purposes.

As of now Barrick refuses to divuldge how many shares they now own, they have already met the exchanges rules by declaring their intent, and also when they reached 10%??

Just looking for clarity in this??

With regards,Frank