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Argonaut Gold Inc T.AR

Alternate Symbol(s):  T.AR.DB.U | ARNGF

Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company’s operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km) northeast of Wawa, Ontario, approximately 14 kilometers southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. The past producing La Colorada gold-silver mine property is located approximately 40 km southeast of Hermosillo, Sonora State, Mexico. The San Agustin property consists of four mineral claims totaling 1,065 ha and is located in the northern San Lucas de Ocampo Mining District.


TSX:AR - Post by User

Comment by Sclarda2on Feb 02, 2024 3:21pm
85 Views
Post# 35860217

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ask yourself

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ask yourself
psych01 wrote: Sclar---my last comment did not include mention of a consolidation, rollback call it what you will;  I have not said that a reverse split is probable or imminent, I have said that based on management's past behavior as it relates to financing, nothing is off the table in my opinion.  This board is for exchanging views in a respectable manner and I hope that you respect my right to post here without being insulted.   Perhaps a reminder--AR will not inflict a reverse split without first exhausting every other possible avenue to avoid it---it will be a demand of future lenders, part of a possible financing package that becomes necessary in unforseen circumstances during this growth and change era---in other words there are so many moving parts to this story that it could happen.  I join with everyone who hopes that there is no rollback, but I admit to being a realist that hopes for the best but is prepared for the worst.  Good luck.  IMO

You spout a lot of b.s. in your eloquent way but in the end you go round and round in circles and you dont really say anything. You should be a politician.

For some unknown reason you seem to have this great fear of a reverse split.

We currently have around 1 billion shares outstanding at 40 cents per share for a market cap. of aprox  $400 miillion. If we had a 10 for 1 rollback we would have 100 million shares outstanding and the shareprice all things being equal should be at $4 for a $400 million market cap. 

In the short run after a reverse split the shareprice may not get to $4 just as the current 40 cent shareprice may go to 30 cents tommorow but in the long run the performance of the company and how much profits it brings in will determine if the current 40 cent shareprice goes to $4 or the $4 shareprice after a 10 for 1 rollback goes to $40.

As you cant seem to understand a simple equation like that you are either an idiot or a genius pretending to be one. 

I would bet a lot of money on the former. 
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