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

To: Zardoz who wrote (2631)	2/8/1999 6:08:00 PM
From: LaFayette555	Respond to of 3282

Hutch Hutch Hutch YOU MISS THE POINT COMPLETELY !! Yes we SPEND 55¢ LOUSY cents BUT WE DOUBLE OUR MAKET VALUE TO $10++++ YOU SAID SO YOURSELF MATY hhhaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrr I WHANT MORE OF HER hhhaarrrrrrrrrrrrrrrrrrr DO IT AGAIN NOW PLEASE hhhhhhhhhhhhhhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrrr

To: Zardoz who wrote (2631)	2/8/1999 8:57:00 PM
From: William Puget	Respond to of 3282

Dilution is an absolute necessity. How does a junior Company raise $$$ without dilution. In this case I think that the dilution is positive. I just wonder why Adolph waited so long to put up the $$. Maybe he was waiting until he was absolutely positive that they had a grand slam home run before writing the cheque. Don't forget he's also saddled with Tenke ( you don't win all the time). Here you've not got a company with sizeable cash and access to lots more through the exercise of the Newmont warrants and the exercise of Adolph's warrants. They can keep on drilling - proving up more reserves - and cash-calling ABX for 40% of the expenditures. By doing this they are forcing ABX to contribute to the development of more reserve which makes the Company more valuable and we all win - except ZBX 'cause they will pay us more in the end. This kind of dilution I don't mind. WP