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: John BOYCE who wrote (2787)	2/17/1999 7:26:00 PM
From: Dev	Respond to of 3282

"A legitimate Bre-X" sounds like an oxymoron to me. You haven't lost anything until you sell. One of the main challenges of this market environment is that "instant gratification" is expected or you get killed. To much hype surrounded this deal and Barrick made a fair market offer based on information known to date. Don't give up on this play yet, much still to come, but, that doesn't necessarily mean the price will go up. in this market known fundamentals are always way ahead of the share price, not the other way around as in a highly speculative market.

To: John BOYCE who wrote (2787)	2/17/1999 7:59:00 PM
From: Pianoman1997	Read Replies (1) \| Respond to of 3282

John, Just my opinion and I could be wrong. The way I see it is that Barrick made a fair offer (5$) considering what is there so far and maybe a bit more. What ARP Management is telling us is that there is a good chance of a lot more than what ABX was paying for, but of course it is pure speculation right now and we are many more holes from that. In the last few sessions the short term players in it for a takeover battle are disappointed and are bailing out and other traders knew that the price would head south after the deadline and sold. Drilling so far justifies the current (3.80$) price at least, so for a while the price should stabilize. If drill results continue to be good, ARP price should go along. Don't forget that Peter Munk is probably back temporary behind Barrick and he knows what he's doing. My guess is that Barrick did not say its last word... Time will tell. If you're down a lot right now personally I would hold. Expect a lot of volatility. Dan

To: John BOYCE who wrote (2787)	2/17/1999 10:42:00 PM
From: Mr. Oil	Read Replies (2) \| Respond to of 3282

John some time ago I posted some things about what to expect if the Barrick bid failed. Remember ARP would condsider this a success. They successfully defended their interest and those of the shareholders by beating off Barrick. Do we now start bemoaning our fate? We wanted it and we got it. I too have an increasing loss as do most people holding ARP right now. Most of the shares bought in the last month were in the $5.00 + range so many are feeling like you do. It is the coulda shoulda woulda song and dance all over again. BUT what do we really have? We still have our company and all the potential reserves of the El Indeo Belt!!! The last chapter hasn't been written. We can sell now to wait for a lower re-entry price or we can sit and wait. To be honest I would likely croake if I sold and the next day or two a new bid was announced. There are folks on sight and reviewing the data. They are looking at all the assays and will be making a decission. The Lundins are holding a much larger share of the pie at $5.25/share so imagine how they feel as the price drops. Yet I don't see them selling! Weather you see a loss of principal or a loss of profit you still watch you potential net worth shrink. I really do think this is the time to show some "hang in thereism". Maybe even buy some more if you have the cash. FWIW Ray

To: John BOYCE who wrote (2787)	2/18/1999 12:59:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 3282

<<In hindsight,everybody who didn't sell at $5+ is a loser.>> Probably not for long. This is a reaction to Barrick dropping its bid. But base on current results $5-$6 still make sense and more. However, todays results showed some relative weakness compared to previous holes.

To: John BOYCE who wrote (2787)	2/18/1999 10:09:00 PM
From: Mr. Oil	Read Replies (1) \| Respond to of 3282

Message 7501425 When I mentioned I posted something earlier I couldn't find it but tonight I have located it. Interesting to read now after the Barrick bid has expired. I wonder how much more of that post will come true. Ray Edit Could it be that Barrick are waiting for the price to settle down to a low enough range that they could do a friendly deal with ARP at an 80 to 100% premium to the market. I would like to think that an offer of twice the price would be pretty attractive to most investors.