Argonaut Gold Inc ARNGF

Only reasonable decision was to sell Magino

[Lifexprt]

Now that everyone had a chance to review nreview the report, you realize this was the best scenario that could have materialized due to Magino being effectively a massive drain on resources, almost pushing Argonaut into bankruptcy. Hope is in FC as it seems to be outperforming and we should get a new extended LOM plan including possibility of unlocking sulphide deposits which would keep FC operating for years to come, that's still up in the air but upcoming NI 43-101 will be telling. Magino has longer term potential although AGI purchased this primarily for mill capacity and tailings. You can't keep operating at $3,000+ while selling at $1,860. Management is working with flawed feasibility study with subpar grades and underperforming equipment, which is strange as I remember hearing Young say that Ausenco built a Cadillac. Magino should come around by year end but it will never become a sub $1,000 AISC operation as originally planned

[national10]

This was a nice soft shoed assessment of AR, thanks.  Reality of this report is they putt in everything that was dirty along with the kitchen sink water to facilitate the  clean balance sheet for the merger.  Seen this all to often on the financial game playing.  The push hear is to ensure no issues on the bogus transfer of assets to Alamos and not activly pursuing other

[Lifexprt]

There were offers  Alamos came with the best bid and allows for upside by integrating Magino into operations and providing some ownership of the best midtier producer  Be happy with what you got as it could have turned much much worse for everyone involved 

[psych01]

Not so sure there were other genuine offers, possibly some solicited for appearance sake.  There are so many glaring misleading comentaries on video and through IR to argue for a material legal breach of trust between AR and investors;  nothing will happen of course, we've all seen this before, regulators are analagous to police inquiries where police do the investigation of their

[goldens]

There was no mention of Mexican operations only Florida Canyon. Or did I miss it. It will be interesting to see what Spinco lists for when it starts trading. $0.06 seems low.

[ARNGFInvestor]

Goldens, I agree that Spinco seems low.  Based on my math below is what I beleive the market is currently valuing Spinco at in USD.  I use my share number for the example below. 900000 shares of ARNGF X .0185 =16650 shares of AGI 16650 AGI Shares X 16.82 (current price) = $280,053 USD 900,000 share of ARNGF X .3358 USD = $302,220 USD ARNGF Current Value $302,220 - $280,053 = $22,167