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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

Post by TimeTooSoaron Sep 13, 2023 6:40pm
140 Views
Post# 35634953

Losing my shirt…

Losing my shirt…On this investment so far... ouch. I been buying in since $1.80 and constantly averaging down. 
I do tho think it's short term weakness.. Copper has been above $3.60 and that's where the company says the dividend is safe. 
I am worried their cash pile is dwindling and we need a solid q4 with half decent copper price. 
Bit risky here but it's at a good price.
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