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

To: Ptaskmaster who wrote (2288)	1/28/1999 3:53:00 PM
From: Enigma	Respond to of 3282

Maybe Barrick will withdraw its offer at the deadline to preserve its credibility and to show it is not there simply to provide a floor for the Lundins to promote off. This doesn't preclude a bid or counter offer later. But it seems to me than Barrick is in an untenable position in its position of first bidder,- and it could sit back now and let others show their hands? I'm trying to think what I'd do if I was a Barrick strategist. I don't know if they can waive the condition of receiving 51%. Say it picks up 15% it would mean it's sitting on 25% - almost twice the shareholding of the Lundins - and a deterrent to any would be suitor. dd

To: Ptaskmaster who wrote (2288)	1/28/1999 3:55:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 3282

<<Do investors have weeks? What are the risks to minority shareholders who do not tender to ABX, if Barrick is successful in getting 50.1% of the outstanding shares? >> The risk is small....but they may nor get $5. I don't see any reason why the stock would tumble if your scenario materializes. In this eventuality, and given the new numbers on Veladero, Barrick may want more than control.. they may want 100%. It would then extend the offer. The big question...Will Barrick win. CC