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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 Mar 20, 2024 3:27pm
79 Views
Post# 35943463

RE:RE:RE:RE:RE:RE:Psych and argonautgold

RE:RE:RE:RE:RE:RE:Psych and argonautgold
psych01 wrote: Goldy---anybody can post here--it's not your business who posts here, one sided discussions are useless.  This company sucks now, at one time it was quite good, now it's not deal with it.  
The fact is that what any of us including me post on these boards doesnt mean anything and the performance of the company will dictate the sharerpice in the longer run. And the performance here of  AR and the $400 million Magino mine that has cost $! billion and another $80 million this year  in Capex is the reason why the shareprice stands where it is today no other reason.
           Very good and succinct summary:  IMO


Exactly. Anyone can post their opinion no matter how much the board pumpers squeal. And i am in fact holding around 100k shares of AR at this time. Down by a lot from my peak but i am comfortable in this range right now. 

The one thing i have noticed is that i have posted several times how the head pumper here seems to go from being a complete basher after he sells his shares  calling management incompotent and  that they will bankrupt this company to a complete pumper after he buys back shares and is in love with the same company and management that he called all kinds of names a short while ago.

Not one pumper here and especially the head pumper have ever had the spine to address this point.The reason they dont is there is no answrer just a two faced poster doing what he does. And many of the pumpers are also into this stock heavy and are massive bagholders no matter what b.s. they post and want desperately to believe what the head pumper preaches.  People who are confident in there position as they pretend to be dont patrol the AR Stockhouse board 24/7 watching the shareprice by the second and ready to try and shout down anyone who doesnt belong to their cult. 

And for those that get upset because i call people Massive Bagholders its not my problem that you are triggered by the truth. If it makes you feel better i am a good bit of a Bagholder myself here at this time having believed the hype and then reality intruded as it often does. Nobody forced me or any of you to buy into this or any other stock.  You purchased at higher prices and have been proven wrong up to this point. The same people who now seem to guarantee that the AR shareprice has nowhere to go but up are the same ones who never called the blowout that we just had over the last weeks. They were in fact calling for a much higher shareprice as Magino got up to speed. Looks like they were wrong again.

In the long run i believe AR may do well but there are still a lot of obstacles in the way including what the financing might look like which when the lenders otherwise known as loan sharks in cases like this have you over a barrel it doesnt always look good based on my previous experience.  Then there is another $130 million in Capex for Magino and Florida Canyon that seemed to come from nowhere. Another years profits gone. And then Magino has its own production problems and on and on.

The cult here and there leader does not want to hear the truth. To bad anyone who does not like what i post feel free to ignore me. I remember doing the exact same thing as some of the pumpers here do years ago myself. I would buy into a certain stock and then listen to the pumpers and load up more as the sharperice kept going down and i lost more money.   

In time i learned to  LISTEN to all points of view before making my decisions. Some people here seem to confuse listening to other points of view  with blindly following what the so called bashers have to say. Thats not what i attempt to do. I here all points of view and then try to make a decision based on that and mostly my own due diligence which is often not the best.

Its still better than what the pumpers here who wear blindfolds all the time and hail there sometimes pumping leader at least when he owns shares and is in full pump mode until he makes some beer money and then unloads and bashes.

Whatever makes you happy. ha ha ha



Best to live
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