To: David in Ontario who wrote (2278 ) 1/28/1999 2:28:00 PM From: E. Charters Read Replies (1) | Respond to of 3282
******************************** The Canadian Mining Newsletter Jan 28 1999 ******************************** Argentina Gold Resources ARP/VSE The Argentina poison pill, shareholder's rights plan, has been disallowed by a rather compliant BC securities commission, ever vigilant about minority shareholders rights to be lemmings of the month. Interestingly, the Canada Newswired announcement says without quoting, that "shareholder's should, if they wish, tender their shares to the Barrick bid." "Should, if they wish.." that is a sucker's admonition for the books. I wonder what compliant snivel serpent authored that one. Nothing like deceiving the public. Its as if the stock god said it was the sucker's duty to give up their shares. The BCSC conveniently ignored the fact that Barrick itself has a poison pill in place of their own and they had one offer for Argentina expire already. How long will this game go on before people see that Barrick is desperate to buy a plum in a blase market? One would never sell when a drill is turning and the company is finding. The company geologists believe that this one can go to 20,000,000 ounces. That would be by conservative evaluation 20 bucks CDN per share if we take gold at $40.00 US an ounce for valuation purposes. Should one tender their shares? Only if you believe gold will be lining pop cans and nuggets given away in cracker jack boxes. Until then, have some faith. There are relatively few hostile takeovers in gold. Be awake when there are. Are they fair? Never. And neither was the Arequipa bid, but that is another story. EC<:-}mineletter.com