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Bullboard - Stock Discussion Forum 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... see more

TSX:AR - Post Discussion

Argonaut Gold Inc > What now?
View:
Post by powerman on Jan 31, 2022 12:18pm

What now?

AR has been savagely shorted for years. Never much of a let up. I don't know how they make any money if they never cover their positions. I suppose they cover and short sell again at a lower price. I don't see any particular reason to cover right now as the sentiment is realy poor due to uncertainty on how they will fiance the unfunded portion of Magino, However on the positive note a buy out is unlikely so when the mine is operational there could be a good recovery. I think the sp is highly dependent on how they raise the funds. A loan and a royalty agreement might be best if they can get one otherwise a huge share sale which will further hurt the sp. Optionaly, there are probably a few Majors interested in adding 150k per year to their numbers. We shall see. This ploy to get the mine built with an underfunded loan and cash flow money is backfiring big time and the ceo is kicking a can down the raod while the rest of us are in don't sell / don't buy mode..  DF
Comment by Ctol80 on Feb 07, 2022 5:59pm
It makes complete sense for this stock to be shorted the way it has considering they dumped a turd of an announcement before Christmas (ho ho ho) stating they need more capital....a lot more capital to fund Magino. The short squeeze scenario and I believe it be a good chance of it is a transaction. The only issue is at what price. As my insider sources tell me, Alamos is the logical buyer. Some ...more  
Comment by geosan0 on Feb 11, 2022 11:48am
This is in reply to powerman.  Just wanted to make an observation on something you said in your post and hopefully get feedback from this thread (positive or negative but hopefully constructive). powerman, you wrote: "This ploy to get the mine built with an underfunded loan and cash flow money is backfiring big time and the ceo is kicking a can down the raod while the rest of us are in ...more  
Comment by powerman on Feb 11, 2022 5:28pm
Thanks for the reply geosan0. Kicking the can down the road is what people that loose their job do. They can't tell us what they don't know, but you can be sure that there are some pretty high profile people gathered around the table with banksters, investers, corperate management and directers to come up with financing solutions. The solution will come with a CEO to take it on. Selling ...more  
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