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

To: Bill Jackson who wrote (2813)	2/18/1999 12:46:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 3282

Bill, I think that if Barrick had stuck with their original $5.50 they could have walked away with not only Veladero but Argentina Gold's other properties as well. Worst case they would have had to pay $6.00-6.50. Two big questions now: 1- When does drilling stop and does the saga go to year 2000? 2- Will they hit disappointing holes which will deal a deadly blow to the chance of seeing the share price north of $6.00?

To: Bill Jackson who wrote (2813)	2/18/1999 8:29:00 PM
From: whiskeyjack	Read Replies (2) \| Respond to of 3282

I don't check in here very often so my apologies if this has been discussed. Is there a connection to CEO being tossed because the lack of ARP control screws up Barrick's hedge strategy? Seems a bit harsh to get rid of your main man over a smaller (for now) deposit, especially with Sutton deal in the wings. Unless ARP and resulting economies of scale of Pascua impact the degree of the hedge rollover, a billion dollar mistake. Could this help inflate POG? Thoughts anyone? Cheers, wj