RE:RE:RE:RE:RE:Florida Canyon Mine You seem to be very upset about the current market price of Argonaut Gold; in due time, I’m sure the market will turn for the good!
The decision to divest Mexican assets is a strategic move aimed at decreasing AISC and augmenting working capital. This strategy will enhance the company’s liquidity, providing them with the means to venture into new investments or repay existing liabilities. The reserves in Mexico, which include 2.2Moz of gold and 91Moz of silver, have an estimated fair market value of around US$6.4B. If we can obtain roughly 2% (approximately US$129M) of this total value, the revenue from the sale should cover the expansion construction costs.
I believe that much of the data I’ve disseminated in recent days may be new to you. A significant part of this data is based on my own computations, addressing SHEEPBAAA’s apprehensions about the firm. Regarding the repetitions, it would be beneficial if you refrained from repeatedly posting similar conjectures. If you persist in voicing the same worries, you’re bound to get identical replies.
It’s important to remember that communication is subjective and can be interpreted differently by different people. Saying that someone’s words are “platitudes, verbose meanderings signifying zilch” could be seen as critical or dismissive of their thoughts or ideas. It might be perceived as a personal attack if it’s directed towards a specific individual. It’s essentially implying that the person’s words are meaningless or without substance, which can be hurtful. It’s always important to communicate with respect and understanding, especially when disagreements arise.
I will also reiterate this; in regard to the conjecture pertaining to a rollback, Richard Young recently stated a rollback isn’t on the table. You’re creating your own narrative to support bearish speculation. Nonetheless, a rollback does not change the underlying value or performance of the company.
Furthermore, individual price targets, along with the BMO price target - Investing your funds in Argonaut Gold implies that you’re banking on the company’s management team, including CEO Richard Young, to effectively implement their business strategy, thereby increasing the share price to its fair value. Richard Young held the position of CEO at Teranga Gold Corporation when it was acquired by Endeavour Mining Corporation, a transaction valued at C$2.44B in an all-share deal. While many investors have shared their personal price targets or those of BMO analyst Bryan Quast, I’ve noticed that only I have highlighted Argonaut Gold CEO Richard Young’s price target. Richard Young and Vinnie Young collectively own approximately 5.5M common shares. As CEO, Richard Young has access to more information about the company’s future performance than any of us. In an interview, when asked about Argonaut Gold’s fair value, Richard Young stated, ‘it’s a figure significantly higher than today’s analyst target prices on the streets, which is roughly CA$1.00, it would be a multiple of that.’ Personally, I prefer to heed the words of the CEO of the company in which I hold a stake.