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

To: tanoose who wrote (2908)	2/23/1999 6:19:00 PM
From: Mr. Oil	Respond to of 3282

Frank I have been thinking about what you said so I will now give you my response. >>Don't get upset Ray,<< Sorry if I came across as being upset. Truth is I do find it somewhat annoying when people slam management because the stock is down and praise them when it is up. No matter how good the management will be, they will not always have up days. ARP is up quite nicely from it 50 cents only a few months ago so I don't think the Lundins should get slammed just yet. Maybe I am just a zealous management advocate but I really don't think they are doing too bad. Most people here wouldn't be here if they were lets face it! >>As for why I feel it will be a great silver mine.....well it rests in the tale of the tape............especially the last drill results??<< The silver component of the reserves while high still do not make up the majority of the reserve. I am not a geologist but it seems to me that where there is gold and silver combined it is logical to find a variation of of the percentages of each at different places in the reserves. This would account for the apparent higher silver to gold find of the last results. We have many more holes to be reported and much more drilling to be done before the total picture is known so once again I wish to reserve judgement on whether it is predominantly a silver or gold mine. the story is being told one drill hole at a time and the conclusions can't be definitive until further down the road. >>Although it is a very good deposit as it stands Ray, no matter how you cut it, the economy of scale still rests with Barrick, and that will only change if Barrick sells off their shares and gets out of their end of the joint venture??<< The economy of scale is with ABX this is true. There is a possibility that a competitor will want to make sure Barrick doesn't get any steal here. It happened with Inco at Voisey Bay and we shouldn't be too certain it won't happen again. Admittedly one might have expected it to happen by now if that were likely but I think more drilling may make the prise a little more worthy of a fight. I understand you suggestion of alliances among the big boys but there is still a possibility. Again time will tell. >>Ray most of this paragraph I feel that you have posted with plenty of emotion............you can't push a stock with emotion??<< I won't take credit for pushing the stock with my emotion today! It was nice though that it didn't go the other way. Of course I know you can't push the stock with emotion but please give me a little room to emote when feeling pepper sprayed. >>Ray, in the end I believe that ARP shareholders will get more, but not as much as come here have thought or wished they would??<< If you have any idea what ARP shareholders will get then lets hear it. A contest maybe. Let see who will be closest. Give me a reason to start another survey and I will happily take the bait. Nothing like a little 'pin the tail on the donkey' to liven up any party. I expect you to be conservative so what do you say. Lets have it. $5.25??? BTW No hard feelings you old @#$%er you! ;) Ray