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

To: james flannigan who wrote (2261)	1/28/1999 8:53:00 AM
From: Zardoz	Read Replies (2) \| Respond to of 3282

Barrick Gold Corp - NP says Barrick asks B.C. regulator to kill poison pill Barrick Gold Corp ABX Shares issued 376,475,371 1999-01-27 close $27.65 Thursday Jan 28 1999 Also Argentina Gold Corp (ARP) The National Post reports in its Thursday, Jan. 28, edition that Barrick Gold yesterday asked the British Columbia Securities Commission to kill Argentina Gold's poison pill plan because it was introduced too late in the game. The National Post's Drew Hasselback writes that at a BCSC hearing, lawyers for Barrick said the shareholders rights plan, implemented by Argentina on Jan. 14, came 37 days after Barrick made its original takeover offer of $4 a share. Barrick's lawyers say there's never been a case in Canada in which a poison pill has been introduced so late. Barrick argued that even yesterday, some 50 days since the original takeover bid was made, Argentina has failed to find a white knight to make a rival bid. The plan, or poison pill, could give Argentina more time to find a rival bid, making a takeover more expensive for Barrick. Barrick already owns 9.9 per cent of Argentina's shares. Barrick wants to own at least 50.1 per cent of Argentina's 35.6 million shares, says the National Post. Barrick's latest offer of $5 expires at 12:01 a.m. tomorrow. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: james flannigan who wrote (2261)	1/28/1999 10:06:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 3282

<<Dont sell your shares,remember Barrick paid 1 billion for 7 million 0z in the Arequipia deposit. >> Keep in mind that ARP only has 3M onces for its 60% interest and gold prices are now $100 lower. So nobody can't say that a $5-$6 offer for their stock isn't fair at this point in time. Potential is not worth a lot until it is proven... I'd say that ARP's best hope in the short term is the core drilling. If the theory of much higher grades is subtantiate by other DD drill holes....then Barrick will likely have to move its offer higher.