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Argonaut Gold Inc ARNGF


Primary Symbol: T.AR Alternate Symbol(s):  T.AR.DB.U

Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company’s operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km) northeast of Wawa, Ontario, approximately 14 kilometers southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. The past producing La Colorada gold-silver mine property is located approximately 40 km southeast of Hermosillo, Sonora State, Mexico. The San Agustin property consists of four mineral claims totaling 1,065 ha and is located in the northern San Lucas de Ocampo Mining District.


TSX:AR - Post by User

Comment by crazytimeson Apr 22, 2024 11:30am
98 Views
Post# 36001392

RE:Correlation Whaaa ?

RE:Correlation Whaaa ?hi bobo... my guess which I posted a few days ago is that this whole run up could be a giant otc options play by some huge player/s that fed into itself catching everyone else off guard, essentially causing a huge short squeeze as gold rose against all its usual bearish correlations. If my theory is correct and the inevitable unwinding of the potential otc options trade happens, gold could drop like a rock catching everyone similarly offguard to the downside. It is just a theory, but the best one i could come up with. Gold is very overbought regardless. We will see soon enough if gold waterfalls or bounces over the next week or two. Good luck on your trades. Just my opinion. 
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