First of all, thank you for the questions..and with all do respect, your comparison to AR ( Argonaut) is like comparing APPLES... to ORANGES, PINEAPPLIES BANANAS, etc, etc..First of all AR is a GOLD producer...TCF is in the Oil and Gas sector. ARGONAUT has huge gold reserves and currently producing revenues in excess of $80mm dollars per quarter thru their active operating mines, in very safe jurisdictions in the U.S., Mexico and more importantly CANADA. They currently are producing approx..160,000k ozs a Year and with the recent new commissioning of their NEW MINAGO gold mine in Northern Ontario last November 2023...which is currently producing ..with a stated guidance slated for over 200K to 250K oz per year, and reflecting a combined annual production total of over 400,000 ozs at a all time high in GOLD prices today over $2000 u.s. Dollars makes this play A HUGE undervalued STOCK. this comany has raised more than $900mm in the last 2 years to construct and build and didnt rely on any partners at the time and is fully OWNED 100% and operated by them. They very recently did a $85mm bought deal...As with all Junior, mid-tier and those large Gold Miners like Barrick, Newmont , etc, etc are all lagging in prices being down move than 50% from their highs and Argonaut is no exception...and very soon the market will have all these miners catch up quickly and do a repricing with all of them..AR has raised their funds thru debt and equity and has highly been dilutive no doubt. With GOLD prices at these historic highs and only going higher, with forecasts of hitting $2300 to $2500 per oz by end of year...these miners are a BIG STEAL , all of them, including ARGONAUT and many other juniors. This company with a gold production of over 400k ozs/year will eventually have a market valuation of $3Billion with its large gold reserves and MAY be a M&A target for the larger miners needing to increase their gold reserves....SO, right now you see it at .39 cent share price at all time low..With a market Cap valuation of only approx $400mm....BUT soon markets will definately reprice all these GOLD producers and will jump all over this Mining Sector as they always have in the past..This company will jump in share price to $2-3 dollars..and more in a Take-Over scenario...
So, you ask why Im not RANTING (bashing) over this gold company...How rediculous your comments are...and by the way, I KNOW MORE ABOUT BOTH TCF and AR, than you will ever know.....As for TCF...REALLY...In War torn area in the Black Sea , where we now see major problems with their gas well productions and delays after delays. And can only speculate that those other 3 producing wells are no-longer producing and TCF may not even be generating any revenues at all currently...We dont know, as CEO (Halleran) has not updated us on that matter..and with a stock price of .18 cents and reflecting a 5-1 pre-consolidation stock price of .03 cents with a current market Cap of a measly $13mm dollars...Are you really seriously trying to compare ...Id do more research if I were you...If you have that strong of a view and confidence in the CEO, by all means...PUMP the hell of TCF and back up that tractor trailer of yours and buy like hell...As far as many here are concerned they have lost alot of money listening to this man of a CEO and the STALE STORY he reinterates over and over on that SASB block...TCF is a very very small micro-cap PENNY STOCK...not worth its current $13mm market valuation, in my opinion, seeing the current updates and all their problems.
No Comparison here my friend..Do strongly recommend you and anyone else to review AR and any other gold producers...ONLY IF YOU LIKE "GOLD" and its true value as a Currency ...with a decline with the U.S Dollar...Gold prices will only go much much higher as Central Banks world wide have been accumulating GOLD, including CHINA, Russia, India, Saudi"s and more joining forces and creating their own group for trading outside of the U.S. Dollar..This group, some of uses may already know them as "The Brics consortium"...Good Luck to all!!!
Comment by
kosmos1on Jan 23, 2024 12:13am