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

To: Link Lady who wrote (2650)	2/9/1999 8:35:00 AM
From: Enigma	Respond to of 3282

From GPM: To: John Hunt (27922 ) From: DoubleD Tuesday, Feb 9 1999 8:21AM ET Reply # of 27923 John - whatever is said I think this resignation is related to the ARP bid - my guess is that he was 'for' and a balance of key players were against - otherwise the bid would have been extended - just a guess. but the timing is extraordinary on a day when strong results are released and the ARP bid expires and before the company is due to meet with analists. Edit - another possibility -he was responsible for the 'low bid' strategy which may be seen now as a failure. dd ------ Previous \| Previous \| ------ \| Edit your message \| View SubjectMarksBookmark this Subject Discussion \| People \| MetaCrawler Subject Titles Only Full-Text This Subject Only <Picture> <Picture> Send questions and feedback to webmistress@techstocks.com Terms of Use

To: Link Lady who wrote (2650)	2/9/1999 8:42:00 AM
From: Enigma	Respond to of 3282

$5.50 bid?? dd

To: Link Lady who wrote (2650)	2/9/1999 9:20:00 AM
From: Bat Man	Read Replies (1) \| Respond to of 3282

The NR says Melnuk left for personal reasons, which probably means a personal disagreement with Mr. Munk over the handling of the bid for ARP. eg. letting the cat out of the bag over the lock up price of $5.50. The stock went almost immediately to that price and ABX was wasting time on a $4.00 bid. It smells like politics to me. Anyway we'll see what happens. Barrick is probably still in New York trying to negotiate a deal with the 'Funds' unless they have reached the 50.1% which I doubt. Elmer