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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

Bullboard Posts
Comment by COGTon Mar 10, 2006 7:01pm
68 Views
Post# 10496865

RE: Copper prices still near record highs

RE: Copper prices still near record highsNily; Since the BS NR Mar7th 1.5 million shares have traded versus the ho hum days waiting for the financing to close.I'm convinced last few days occured in order to get more paper for big guys below $2.60.90% of the trades last 4 sessions went to big blocks pressuring ARG for more paper,but ARG did not want to draw up more for over subscription so they do it this way.No big banks involved so these are the "legal" stick handling methods to cover everyone.My rough #'s say ARG will have nearly a buck/share cash and assets after the 2nd qtr 06'.Regardless of short term copper price fluctuations.If copper goes up or plateaus all the better.IMHO
Bullboard Posts