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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 wizwizon May 17, 2007 10:33am
338 Views
Post# 12797066

RE: What a Fall

RE: What a Fall::As far as price cuts though take the sector in general, many many stocks with 20-40% price shaves. Of note 75% of Uranium stocks, a few resource stocks in particular like AUA, EFR, AUN (also manipulated IMO), and many other near term producers took nasty shaves. :: The big difference is the companies you mentioned aren't profitable and are more of a speculative nature, ARG is very profitable. ARG also has a good dividend and good prospects. Its 3 year growth rate and TTM growth rates are excellent and has a Strong Buy recommendation from analysts. Yet it takes a 40% haircut in the past 2 weeks? You don't see AUR going down 40%. I think it is possible that someone is manipulating the stock downwards. If everyone is ok with that, then fine. But I don't see why from the fundamentals that this should be happening. WizWiz
Bullboard Posts