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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Bullboard Posts
Post by matisse2003on Jul 16, 2008 11:41am
457 Views
Post# 15298167

Management

ManagementOn one hand:
The dividend seems safe.  Earnings flow and the wild card power costs is being brought under control.

On the other hand
Management is doing very little to advance this company.    They made a great investment in Chariott and then sold out.  They support the stock price with a buyback- so what?  They are overpaid and overoptioned for sitting in Vancouver.  The only insider buying is the IR James Kuta.  Copper prices are overshadowing overspending.  What happens if/when copper prices decline?  There are no 10% holders of the stock- no activist pushing mgmt. 

What are mgmt's plans for growing shareholder value????  More of the litlle or no effort we have seen????
Bullboard Posts