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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 goldenson May 22, 2024 7:40am
58 Views
Post# 36051436

RE:Man, nice move right at the end today....

RE:Man, nice move right at the end today....If copper stay in the $4.50 range we are basically an ATM spitting out cash with low capital costs. My guess is that there would be special dividends paid out in the future as well as a reduction the float with the share buy back. If copper hits and stays over $5 then I think they might increase the base dividend. All just my opinion and I think if we get to a $3 share price then certain funds can start looking at us.
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