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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

Comment by Lucentioon Nov 08, 2020 12:50pm
1063 Views
Post# 31859528

RE:RE:Any prospect of a takeover with high copper price???

RE:RE:Any prospect of a takeover with high copper price???
likewise no to takeover suggestion.  The restart of the dividend is what is needed to get the stock price moving.   Listen to the call or read the transcript.  By end of next March they might term remaining debt for say 5 years which would free up a huge amount of cash flow to enable a substantial dividend. Do I hear  12c a year that's about   $21 million a year.  OK I'll settle for 6c a year to start.
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