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: Steelguy who wrote (2702)	2/9/1999 10:21:00 PM
From: Mr. Oil	Respond to of 3282

Hi SG I held on today as well. I have such confidence in ARP management it would be crazy to bail now. This drop was exactly what I expected anyway as the ABX bid had become a floor and ceiling for the stock. Any day there may be another bid from XYZ company and one would miss the opportunity to participate if one sold. Interesting to note the price relative strength at the $4.50 close with the ABX bid removed. When the bid was first made, ARP was under $3.00. With reserves having doubled and potential reserves being suggested at 20 m oz since the announcement of the ABX bid, the stock should begin trading on its gold value again and the speculation of future drilling. We know they have much more. It is just proving it to be significant that we are waiting on. As a geologist told me today, the drill is the truth machine. So far it has been telling some pretty nice truths about the great potential of Valadero. Wonder what news is waiting for us tomorrow? Take care! Ray EDIT This is a previous post which reflected my thoughts of a possible ABX failure to get ARP. Some things are dated but the general thoughts seem interesting looking back on the event! Message 7501425