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


To: Steelguy who wrote (2735)2/14/1999 3:32:00 PM
From: tanoose  Read Replies (1) | Respond to of 3282
 
Hello Steelguy;

A very good case in point, GRE, a collection of nice producing assets??, very undervalued due to the market psychology that prevails??

Not to downplay ARP as I think it will also go much higher contrary to what russet thinks ie the last post?? But in this market, it is much cheaper for company's to buy other present producing assets than it is to drill off property's??

And it this reason why I think we won't see such a big bidding war for ARP, why would another major get into an expensive bidding war with ABX when they have so much to shop around for, including other majors??

Somehow I think we have not seen the last of Barrick and the Argentina tango??

With regards,Frank