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

To: Claude Cormier who wrote (2309)	1/29/1999 12:40:00 AM
From: David in Ontario	Respond to of 3282

Insider Report...suggest ABX will extend offer period +++++ [ Insider Report,( Daily Bulletin, 28/1/99), stockhouse.com ] ... Argentina Gold [ARP:VSE] -- Shareholder Rights Plan Rejected ARP shares fell $0.30 to $5.20 today after the announcement that the British Columbia Securities Commission has dissolved a "poison pill" adopted by ARP in their attempt to delay the takeover bid by Barrick Gold [ABX:NYSE,TSE]. The BCSC ruled against ARP despite the fact that the shareholders rights plan was modeled directly on ABX's own anti-takeover measures. Although the market's reaction is understandable, it is still far from certain whether the required 50.1% of ARP shares will be tendered to the current $5/sh offer which expires at 12:01 a.m. PST Friday. Our bet is that Barrick will fall short of the mark and extend the offer period for a while longer in light of the BCSC decision, but we will all know for sure soon enough. ... +++++