To: E. Charters who wrote (2013 ) 1/23/1999 12:56:00 PM From: tanoose Read Replies (3) | Respond to of 3282
Hello EC; An interesting post from stockhouse for all to peruse?? if you've been watching ARP you know ABX doesn't show all his cards all at once as Placer dome has done with Getchell. Placer doesn't want a fight thats why they offered a huge premium for Getchell. But ABX is beyond contempt, showing its true colors, with this insignificant 4 and 5 dollar offer for ARP. Munk is a liar, cheat and a theif!!! some may agree with me some may not... i won't argue i'll just speak my mind. ARP has been a strong trading stock since 93 or i would have been into it sooner ABX locked up most of the eastern border of Chile early in the 90's knowing this was one of the best areas of the FREE world to search for her precious Gold... ARP locked up the western border of Argentina. their claim block covers some 80kms by 20 kms. getting to some specifics. Diatremes and faults. ABX's Pascua mine is in Chile 6 kms from this area of immediate interest to the ABX/ARP jv the Pascua diatreme is smaller than ARP's diatreme by my judgment ARP's is at least 3 times bigger than ABX's i'm not well educated on the dynamics of a diatreme but with ABX's having been drill defined to host some 11 million oz's in its fesability study, probably more... maybe ABX sees what could truely be their precious 100 million oz's of gold reserves in the ARP property as it hosts several similar sized diatremes. none of which has received much exploration, even the current drill program has only scratched the sufrace of this diatreme and has yeilded some incredable tonnage of low and high grade gold. approx.20% of the diatremes surface expression has seen a drill hole. and ABX chooses to launch this insulting takeover bid at 4.00 to 5.50 CDN do you begin to see the magnitude of their takeover strategy. cheap dollars for even cheaper gold. thats why my accusations of Munk being a Liar, Cheat and nothing more than a common Theif. ABX is Bullying ARP into accepting this bid. But wiser investors see through this. thus we have Newmont and TD asset managemnet taking up 10% stakes in ARP as well. now there is a few things that could happen here ABX Newmont and TD have declaired they own 10% each. ABX needs 50.1% to complete the takeover. will Newmont and TD hold out for a bidding war or sell out ARP to ABX thus giving ABX 30% at least. when Munk and ABX get up to dance, they don't like to be told "NO" and i feel they will dance till last call and dance the Tango at that. in the past ABX hasn't danced without taking their girl home afterward.... a mere few hundred kms North of here was Arequipa and her prize project of 20 million oz's of the cheapest gold yet found ie US$50.00/oz cost ABX saw fit to pay a US$Billion price for this only 2 years ago. 2 years is nothing speaking in geological terms and with the world economy causing most of the turmoil felt in the resourse sector with low commodity prices denominated in US$ ie: $US$ well now Munk's trying to get his piece of ass while still at the dance hall and on the dance floor. in the near future the world economy and commodity prices may indeed be on a comeback. we as investors not speculators should realize this very fact, and not yeild to the Bully of the school yard looking for a bag lunch. too many other juniors in far worse financial shape would jump to sell out at this level. ARP is far from being in bad financial shape, and should again tell ABX to bid more or go away till you are serious!!! Serious is what Placer Dome demonstraited in their offer to Gethell!!!! here in Argentina ABX will not even have to construct a mill as the treaty between Argentina and Chile allows for international mining of each others deposits due to the remotness of the Andies. so you see even that adds to ABX's economics of accuiring ARP with no US$200million mill to construct. This ARP accusition merely adds minable reserves for ABX at Pascua. some say their bid is fair for what is known currently. this may well be true but with 5 drill rigs working and a new budget approved by ARP/ABX JV for further drilling. we have just gotten started PEOPLE!!!! those that know Technical Analysis of chart patterns should agree that 5.00 isn't even worthy of a run up let alone a spike as seen with Diamond Fields back in 95 and again with Arequipa in 96/97 prior to accepting a takeover bid. have a look at ARP's 5 or 10 yr chart and my point will be made clear. The rise in gold back in 94-96 caused a great bull rally in the juniors. they financed projects around the globe, made discoveries and showed the majors everything they wanted to know. ABX's and other Majors hedging programs of selling forward gold as well as the central banks lending gold, has caused the price of gold to drop for the past 3 years. Add to this the economic termoil worldwide and we have all commodities at long time lows. noting all commodities are priced in $US currency, the one economy that has remained strong. All this has caused the juniors to wither and die as california grapes become raisins. raisins are a storable food sorce. so are mineral deposits (storable, not a food source.) they're not going anywhere...thus through legal tactics the rich ie: central banks ABX and PDG others too, have created this very depressed enviromnet in which the strong survive and the sick and weak get eaten. well they have suceeded. the sick and weak juniors are all around and have shown their cards. a great many mineral deposits have been found!!! now the majors are hungry, the sharks are getting ready to feed on the fruits of their labours. make them pay for their deception. ARP at CDN$5.00 is CHEAP CDN$180million app. make them pay!! wait for the drilling to show just what is there and not allow ABX to clamp the lid down on ARP's coffin just yet. ABX has indeed deep pockets. this mere pocket change offer isn't worthy of a tip in a good resturant!! at CDN$5.00 ARP is an incredable buy, historically. The DD has been done, this is no hoax. respect the value of the potential that this hosts. REJECT the current BID and ACCUMULATE at this level. radar over and out received replay worthy of posting also getting to some specifics. Diatremes and faults. ABX's Pascua mine is in Chile 6 kms from this area of immediate interest to the ABX/ARP jv the Pascua diatreme is smaller than ARP's diatreme by my judgment ARP's is at least 3 times bigger than ABX's i'm not well educated on the dynamics of a diatreme but with ABX's having been drill defined to host some 11 million oz's in its fesability study, probably more... # looks likely >maybe ABX sees what could truely be their precious 100 million oz's of gold >reserves in the ARP property as it hosts several similar sized diatremes. # I think that is true. >incredable tonnage of low and high grade gold. approx.20% of the diatremes # not even that. It is 4000 by 4000 feet! # 400 holes could not fo it justice. >investors see through this. thus we have Newmont and TD asset managemnet # Barrick is Barrick. I won't reapeat or disagree with what you say. and should again tell ABX to bid more or go away till you are serious!!! # I think thye are doing that, cautiously. >say their bid is fair for what is known currently. this may well be true # no.. they have 5 other bets on their ground not yet porcupined... >have created this very depressed enviromnet in which the strong survive and >the sick and weak get eaten. well they have suceeded. # you said it. And they did it in 1929 too. With regards,Frank