Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Claude Cormier who wrote (2042)	1/20/1999 5:20:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 3282

Gold and silver inching up for the next two years. Almost unlimited demand for gold and silver coins especially with the year 2000 stamped on. They will all be collectors items as soon as they are minted. ARP have nothing to lose and everything to gain by stalling and drilling off more. Hedge fund buying in is a natural at this point. They are short gold big time and know that the call will come. So why do they call them hedge funds anyway. What could be a better hedge against a rise in POG than a cheap junior with a big deposit. The worst they will do is end up with shares in Barrick. That would work for them.

To: Claude Cormier who wrote (2042)	1/20/1999 5:29:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 3282

Claude, I agree that there is not much room on the upside, but still. Barrick lowered their $5.50 private bid to $4.00 and had the gall to go on to say that they raised it from $4.00 to 5.00! Had they come out an offered $5.50 straight away, we would be looking at a done deal. Instead Barrick is acting in a questionable way, such that people are wondering what else they may be hiding. With respect to the CURRENT price of gold, you are correct in stating that the resource is well priced. BUT, as you know very well, any production would not come for quite some time yet. Unless you see NO recovery to $320 and beyond, then the resource is not too highly priced.