RE:RE:Sad ReflectionI agree Phatboy2, this analyst claims that the equity raise at $2.55 CAD is at an unacceptably low price but he suggests that at $1.90 CAD this would be only a speculative buy?!
He goes on further to attack a so called 60% share dilution while we know that 2/3 of that is related to the merger with Alio. Even he acknowledges that as a very good deal for Argonaut. Sometimes I ask myself if he is bipolar or what.
Templetooth, I agree that Dart provided a more valuable information in his comments regarding Magino’s capital cost etc, however, he doesn’t mention its potential to lower the company’s AISC, safe jurisdiction, mostly open pit ounces, exploration potential at the higher depth, acquisition potential, possibility of re-rating the whole company. He calls Magino an inferior mine and I call his analysis BS.