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Bullboard - Stock Discussion Forum 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... see more

TSX:ARG - Post Discussion

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Post by SomeGainNoPain on Nov 24, 2021 5:51pm

Clueless

I have to admit, I don't get what happened today...Copper up 5 cents to 4.47 USD,  Amerigo loaded with cash and about to do an NCIB. Also reinstating a nice 6% dividend, P/E at 5.

Oh well, let's look at it on the bright side: at least the company may get to pay less to cancel the shares, if they can start the NCIB quick enough.
Comment by goldens on Nov 24, 2021 7:00pm
Hard to believe there is little interest. We are even seeing the right wing conservatives doing well in the elections so that does not explain it. Watching L2 all day bid outnumbered ask by a 2:1 margin yet right at the end of the day it gets taken down on very low volume. I think until Luzich is done we will be hanging around the basement.
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