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

To: tanoose who wrote (2427)	1/31/1999 2:36:00 PM
From: chummer	Read Replies (1) \| Respond to of 3282

Does anyone recall how the bidding war went between Barrick and Arequippa. I know it ended at $30, but where did it start? Thanks, BB

To: tanoose who wrote (2427)	1/31/1999 2:39:00 PM
From: james flannigan	Read Replies (2) \| Respond to of 3282

Frank,keep in mined that at least 5 more drill holes will start comming in next week.The ludins are only serving the apatizer,the maine course menue will be served in the next week,with the desert to follow by months end.IMO Brrrick is hungry and will not wait to long before paying a fair price for the meal.4.5m oz is quickly growing the offer ABX has on the table will look foolish a month or two from now.

To: tanoose who wrote (2427)	1/31/1999 3:14:00 PM
From: mick	Read Replies (1) \| Respond to of 3282

Frank, I just want to jam their FAX machine and fill their email system with junk. I know Barrick wants this. Remember though, they lost in Indonesia (luck SOB's). We all know that they are trying to take advantage of a depressed junior market. The more the Lundins can hold them off and prove the resource (I think it has close to doubled in size and with any luck it will have 20 mOz +), the more likely that Barrick will have to give a more reasonable offer. Peter Munk isn't always tight fisted. He started bidding on Arequipa at $ 27. They really need to sharpen their pencils on this one. At 4.8 Moz at the start of the bid and all the land ARP has, the really screwed up not giving in to ARP's increased demands. Cheers