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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 TimeTooSoaron Oct 17, 2023 11:13am
151 Views
Post# 35687155

RE:RE:RE:RE:Q3 was an outlier

RE:RE:RE:RE:Q3 was an outlierThey might reiterate the divy is safe, until it's not ceconomically so able. Us investors see through their words by looking at fundmentals. Right now the divy is under attack. Their cash went from $30 million down to $19 million and their cash is now below their debt outstanding. It's just on the wrong path.. Anyways i'm out of the name belueve if u believe but the reality is the trend is worsening quickly. GLTA hoping for a turn around if fortunes. This name is now cheap and probably good time to load up but ur taking big risk that it's going to stay above $1.00. I think 0.83/share i'll be returning with bigger money to take the plunge.  
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