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

To: Mr. Oil who wrote (2405)	1/30/1999 11:05:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 3282

Hey Ray, if Barricks says that in their opinion ARP is not worth a penny more than $183 million for their 60% share in the Valadero project and all of their other property, I think that they would have a hard time arguing that their own 40% interest in the Valadero could possibly be worth more than 122 million. I think that ARP should terminate the JV and pay Barrick 400,000 ounces of gold for their troubles. Under the circumstances I think that any court would find that more than fair. Any arguements?

To: Mr. Oil who wrote (2405)	1/31/1999 1:04:00 AM
From: easyeric	Read Replies (2) \| Respond to of 3282

On Friday a 2,000,000 share cross happened @5.25. I presume this is the first part of the PP transaction. WHO was the buyer?? Any relation to ABX? The second part of the deal is that Mr. Lundin issues himself 2,000,000 shares for 5.25. This has not happened yet. The news release is not a binding document that requires Mr Lundin to buy that placement. I am having trouble finding comfort with this transaction. For comfort I would like to see something iron clad. I presume that the paperwork of the PP takes a while, however, if there could be a trust document produced showing the funds are in trust exclusively for the PP by a Canadian law firm, then my comfort level would be much better. Otherwise, for myself I think it prudent to sell sometime before Feb 9. I also have concerns about Barrick's offer. Once they get 51%, they have no interest in further shares as they will have control of ARP. Therefore, it is critical to have sold or be a part of the 51% if this deal goes that way. Or else, I am concerned that my shares would lose a lot of value should I wind up being one of the 49% shares. The barrick offer is only contingent to get 51%. They are not obligated to buy beyond that amount. Another thing I am worried about is the Lundin's. I do not know their reputation so this may be an unfair comment. However, could they be the one's selling into the recent market? Could ABX be the buyer?? I would like to think not, however, given that there is no way to know this info I cannot be sure. I don't want to rain on anyone's parade, just expressing a few concerns. Would appreciate any constructive comments about the above. Thanks.