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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 > Vote NO
View:
Post by LyChauncey on Mar 27, 2024 1:38pm

Vote NO

I'll vote NO to this deal. We need 57% of remaining shareholders to vote no to turn down this deal. This is the worst possible timing for AR's financial. AGI wants to steal long LOMs Magino for 3x cash flow at gold price of $2200.  Even for the SpinCo, they want 20% for a valuation of 60M. Where argonaut was trading around 500M market cap without Magino just a few years ago. This is too greedy for AGI. If there is no more counter-offer from other majors, shareholders please vote NO to this deal.
Comment by Wampumgrabber on Mar 27, 2024 3:23pm
I am voting against this takeover by Alamo as well. Argonaut Gold is at an all time low, Alamo is at an all time high. AR shareholders are getting double punished. Argo's all time high was 25 x this deal.   .Alamo is giving us 0.0185 of a share that is at it's all time high for our AR share that is 1/25 of it's all time high. I think somebody should be thinking class action ...more  
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