Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mr. Oil who wrote (2549)	2/5/1999 9:26:00 AM
From: tanoose	Read Replies (1) \| Respond to of 3282

Hello Ray; Both of your posts were excellent, and I agree with them to a degee?? I don't believe you mentioned it, but as Claude said where is the competing bid, we all know this is what it will take to push the price higher?? This where I have a problem with some of the analogy's here on this thread: We don't have a competing bid, because they are waiting to prove up more resources?? vis a vis Barrick has to offer more because they have proved up more than when they originally offered?? Are these not contradictory statements?? My contention is there is enough information available to have brought on a competing bid............ so I still wonder why not?? I believe also that ABX should be paying more,and I have to make that point before the dogs come barking. I mentioned to you in PM, this sticks in my mind?? The trading seems to be supporting it, I'm afraid With regards,Frank

To: Mr. Oil who wrote (2549)	2/5/1999 9:57:00 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 3282

<<The resource is growing based upon a current drilling program so your estimate of 3.5m oz is skewed and indicated you to be a ABX shareholder instead of an ARP shareholder. >> Don't see more than 6M ounces of gold eq. at Veladero for now..and 60% of it gives 3.5M or so. Please note that because of usually very low silver recoveries in such deposits...I convert at a ratio of 100:1. I am no shareholder of ABX. But was a shareholder of ARP. <<In fact I wonder if you are not being paid by ABX to help sell the ABX bid. >> I am sure by now that you don't really believe this somewhat ridiculous statement. You are giving me far greater influence that I have in reality. Ray, I am just stating my opinion here... I am not telling people to tender at $5. In short, I believe that $5 is very close to a fair bid.. given what is known at this point. But it is well possible that in two years from now $5 will look like a great bargain..as there is definitely some solid exploration potential. Remember what I said in an earlier post..."It make sense to continue holding ARP if you have nowhere else to put your money in"..or somethin like that! CC

To: Mr. Oil who wrote (2549)	2/5/1999 1:42:00 PM
From: the Chief	Read Replies (1) \| Respond to of 3282

In fact I wonder if you are not being paid by ABX to help sell the ABX bid. I am not accusing you of that, but your obvious presentation of the ABX bid as being fair when ARP management and Scotia MeCloud and Loewen, Ondaatje, McCutcheon Limited are all saying the the ABX offer of $5 is inadequate, opportunistic and coercive seems too conspicious. Note this from form 61 at Sedar and #reply-7598756 I have to comment on this...sorry! Have you ever noticed that even a "piece of crap stock" has at least one brokerage saying its a buy? Thats because all "lead brokerages", the ones that do the PP's have a vested interest, they make money on recommending the piece of crap!! In ARPS case it is not a piece of crap, however, the companies you have mentioned that have said that the $5 is inadequate, hold a tonne of ARP paper...would you honestly expect them to say that $5 is a good bid, when they could squeeze more blood?? Now if PDG came out and said $5 was cheap, then you'd have something to tout!! Until then, ABX offer of $5 is the only one on the table, and like others on this thread, believe ABX's ownership of 40% in this project, is hindering others coming forward with a higher offer, and puts ABX in the drivers seat. Lastly always appreciate there is a significant difference between OZ'S in the ground and "recoverable ounces"!! If the recovery is 70%, then don't count the other 30% because the bidder isn't!! I hope you all make out like bandits!! the Chief