Argonaut Gold Inc ARNGF

Alamos’s Q1’24 MD&A: Financing Plan for Optimization

[ARGONAUTGOLD]

Interestingly, Alamos’s Q1’24 MD&A reveals their plan to finance the optimization of the Magino mill.

 

Argonaut Gold’s Q4’23 MD&A indicates their intention to allocate US$10 million towards optimization, with a projected completion date by the end of 2024.

 

Argonaut Gold announced in an NR that infill drill results would be integrated into Technical Reports, with the release of these reports scheduled for March and the third quarter of 2024, and an update on resources and reserves in December 2024.

 

Argonaut Gold asserted that the optimization would be finalized in 2024, and the preliminary findings of the mill expansion would be incorporated into the Technical reports of March 2024.

 

Argonaut Gold’s Q4’23 MD&A confirms that the funds from the CDEs and CEEs have been entirely utilized.

 

Argonaut Gold has invested a substantial amount of shareholder capital in funding these exploration programs and studies. Interestingly, Alamos Gold is now intending to allocate additional capital to the optimization, which Argonaut Gold had previously stated would be completed this year.

 

Argonaut has yet to release any drill results from Magino, including Florida Canyon, which they had projected to be finished in early 2024.

 

It’s puzzling that we’re nearly halfway through the year, Argonaut Gold has repeatedly boasted about this optimization in their NRs, and despite allocating US$10 million towards the construction of the optimization and raising a significant amount of funding, Alamos’s Q1’24 MD&A now suggests that Alamos will be financing the optimization.

 

This gives the impression that the company never intended to complete the optimization or share the results with Argonaut Gold shareholders from Magino or FC.

 

We’re almost halfway through the year and these individuals have yet to present ANYTHING.

[ARGONAUTGOLD]

Here are the 3k gold ounces that Alamos decided not to sell. AGI held onto 3k gold ounces and commenced maintenance early at the Davidson mine, assumably to depress Q1'24 results to hold down the stock price. These people are all scums.  

[ARGONAUTGOLD]

I was just thinking about this today, and after a second review of Argonaut Gold’s Q4’23 MD&A and an email from investor relations.   The company said they raised C$5 million in May 2023 from CEE flow-through financing, and by the end of December 2023, they said that the CEE proceeds had been fully spent.   The email from investor relations states that a portion of

[Lifexprt]

You should be watching FC budget as $20 million is committed from this raise another $10 million from recent one with Alamos and another $10 as cash injection from Alamos  Remainder paid by cashflow from FC  There is your CapEx for FC expansion covered entirely  As for more interesting news, Alamos isn't done yet and you might want to pick up some shares before the take out&

[psych01]

March 6, 2024 Looking ahead to 2024, we consider Magino to be our future and the key driver for per-share growth. Our immediate focus remains on production optimization and unlocking the significant potential at Magino through reserve expansion. Additionally, we are diligently working on optimizing mining operations at the Florida Canyon mine with the sulfide redevelopment plan. Furthermore, we

[Lifexprt]

Months is the key word here.  Either way this will still make money for many, just hold on for the ride. At least you don't have to worry about any unexpected placements driving share count towards 2 billion anymore, and that is a price I am perfectly ok with.

[okgonow]

Don't know why some are still flogging these dead horses??!! hindsight is 20/20, time to look ahead  also if you would have known this would have played out the way it did would you have sold your shares in January or February, March???