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

To: E. Charters who wrote (2028)	1/19/1999 9:52:00 PM
From: Mr. Oil	Read Replies (1) \| Respond to of 3282

Thanks EC but it might as well have been Spanish. I think I am still a blind man in a dark room with my eyes covered. Let me see if I can regurgitate this. >>The permitted bid is the bid that is voted acceptance by the board. << Is this the $6.75 that Lundin was asking for? >>The dilutive effects are the right of shareholders of record before the bid to buy shares at a lower price or to get a dividended share that the offeror must buy.<< All shareholders of record can purchase shares at a lower price which have to be purchased by the suitor thereby forcing them to pay twice (or another multiple of the existing shares) the price? >>It is limited time in order to forestall the quickie bid and in order probably to give a counter white knight to make an offer and due its diligence.<< This allows other interested parties a certain time frame to do their due dilligence in hopes that they will see fit to make a competing offer. ie The offer of Barrick would be effectively disabled until a certain amount of time had elapsed? How much time does the shareholder right give? Thanks again. Ray