RE: when are financials out?I havn't checked when Amerigo plan to release their Q2,2005 results, but the fact that they published their Q2, 2004 results on August 10th,2004 may be usful reference to you.
There can be many perspectives in response to your question on current marketplace price of ARG, but my overall comment is that if you have been invested for a reasonable period then do seriously consider waiting until November for Q3, 2005 performance results rather than simply walking away now.
Possible marketplace perspectives:
1)Amerigo's Copper production decrease in Q1, 2005 compared to the second half of year 2004 average did not meet some people's expectations
2)Appraisals formed by looking backwards rather than based on forward plans, activities and expectations.....e.g. Moly production factor
3)Wait and see attitude("show me the money") thinking .....management ability to meet their plans for either or both copper and moly may be a little in question by some in the marketplace
4)Lack of confidence(justified in my opinion to some degree) that current and recent commodity price for both Copper and Molybdenum are sustainable and that significant reductions(for different reasons in each respective commodity) in these commodity prices are likely in year 2006
5) I suspect that the revenue impact of the adjustments made each quarter, which are a normal part of this industrial sector business activity and which will, in my expectation, be positive for Amerigo in Q2,2005 results, are not properly understood in analysing and anticipating results......these adjustments which arise from booking the 3 month future price at product deliver time and adjusting in the following quarter for actual settlement prices on a 3 monthy delay, could be quite negative in 2006, if commodity prices enter a downward trend.
6)Cda/US exchange rates and exchange rate changes, come into consideration
7)Number of outstanding shares can be a concern(the late June 2005 warrants expiry where 14.744 million warrants were outstanding at end of Q1, 2005 that were expiring in June/05)
Hope that some of this helps,
Peace,
Good Decision-making to All,
ElJ