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

To: tanoose who wrote (2404)	1/30/1999 10:38:00 PM
From: Mr. Oil	Read Replies (2) \| Respond to of 3282

Technically the PP is being taken down by the Lundins but actually they are doing it by selling the same number of shares to other interest and from the proceeds of the sale taking the PP. This means they have been able to raise the money out side of the company. The inference from this is that the outsiders (though presumably friendly outsiders) believe that ARP have something that is going to push the price significantly above $5.25 otherwise they would not give $10,500,000 just on a wild speculation. This in my opinion shows more is known than is publicly provable at the present time but evidence is strong that we will see much more drilling prove up much greater resource. Hope that helps. The price has stayed close to the $5.00 mainly because of the Barrick bid keeping it down. Ironic but true. The Barrick bid pushed it up and now it is holding it back. Once it expires drill results will be the major determinate. If those results continue to be stellar the price will break out of the $6.00 and then move on to ARPs true value. That could be $20 to $30 depending on the final number of oz of gold proven. I like the prospects very much. FWIW these are my thoughts. Ray Ray