Post by
goldens on Feb 26, 2024 9:56pm
Hostile takeover?
I think our biggest worry is our neighbour next door and a hostile bid. Other than GMT the rest is all retail schmoes like my fellow bag holders. Alamos knows what AR has and if we stay in the 20's for a bit they could easily pick us up. Pretty sure some of the other big guys are drooling as well. Pick this up shutdown Mexico and you're done.
Comment by
ARGONAUTGOLD on Feb 26, 2024 10:27pm
I checked their books and found that they have $338 million in working capital. Their earnings are impressive, but their capital expenditure for 2024 is projected to be $431 million. The enterprise value of Argonaut Gold is $591.43 million, which is equivalent to CA$798.43 million.
Comment by
Sclarda2 on Feb 26, 2024 10:35pm
And the shareprice "Value" with all that going on is 23.5 cents. ha ha ha ha The Oracle of Stockhouse
Comment by
goldstd69 on Feb 26, 2024 10:43pm
Could take a while to repair the technical damage done today...and to rebuild trust in how this company is run. sad
Comment by
goldens on Feb 27, 2024 7:14am
Market cap of $250 million. What is the value of Magino?????? Somebody comes in at $0.50 and this would probably be done. So you get Magino and Nevada for $500 million + debt.
Comment by
ARGONAUTGOLD on Feb 27, 2024 8:18am
As of September 30, 2023, the book value of the Magino mine stood at US$1.137 billion. The enterprise value of Argonaut Gold is US$591.43 million, which is equivalent to CA$798.43 million. Therefore, the acquisition offer could be CA$0.76 per share. From this price range, that’s a 230% upside target.
Comment by
Sclarda2 on Mar 28, 2024 8:56pm
From $1.13 billion to 120 million the minute the lying weasel sells his shares.