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

To: Mr. Oil who wrote (2883)	2/21/1999 12:31:00 PM
From: tanoose	Read Replies (2) \| Respond to of 3282

Hello Ray; I see we are trying to compare apples with oranges again?? The Bulyanhulu property is a year away from production of 300,000 oz's/au/yr..................they have a proven resource of close to 9 million oz's. Final feasibilty was completed last year, Sutton was running into problems raising cash to get the construction going. Barrick will now add a very significant soon to be producing property to their stable. The main difference between these two company's is one is much more further advanced while the other still requires an enormous amount of work?? As for ARP, I think Lundin blew it,(they got too greedy) and now he is trying to slow down the sell off with this poison pill he has just adapted. Sounds good for shareholders, but whatever the shareholders get so do Barrick, the ownership percentages remain the same. Sure they will have to buy more shares, but what dilutive factor will come into play with the addition of all those shares?? It appears the Lundins are truly living up to their form as the dilution kings, take a close look at some of their other company's, and plays?? Dilution is the solution for the Lundin empire, but who benefits the most??.........the shareholders or the Lundin clan?? Also looking at the last drill results, I think Barrick is in no hurry because they see the silver credits going up in this??............they own 40% jv, and 9.9%, they have time to wait it out??........economy of scale still rests with ABX, this fact cannot be changed?? At the rate they are punching up gold to silver, this is going to be a great silver producing property weighed heavy with gold credits?? I still expect ABX to get into it again, but it will be at their liesure.....................JMHO?? With regards,Frank