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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

Amerigo Resources Ltd > This is a long game investment
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Post by prested on Mar 15, 2024 12:41pm

This is a long game investment

I've been in this forever. I was in when the cut the dividend and styaed. They reintoroduced it and I don't see them ever making that mistake again because markets never forgive companies that do.
  Our prospects are basically tied to the price of copper and it will vary. The yield now is high because the SP is low, and that too will change round but the overall effect will be the same. To my mind it is a valueable asset to have in ones portfolio in limited amount. GLTAL

Comment by harvester on Mar 15, 2024 12:45pm
Good to hear from a long term investor that's hung in there and gonna continue hanging in there for the long ter. Keep the faith. Glta
Comment by packerdriver on Mar 15, 2024 1:55pm
Same here....what I liked about it then hasn't changed at all. It's a play on the copper price but it has no exploration/development risk. BIG dividend is just a bonus. It's in the mining sector but it's in a similar business to GFL: taking somebody's "garbage" and dealing with it....in this case there's value in the garbage so they kick some money back to the ...more  
Comment by harvester on Mar 15, 2024 1:58pm
Not just copper either. Moly as well!!!! Hold strong. Glta
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