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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
Post by STE15165on Sep 14, 2010 1:53pm
383 Views
Post# 17446876

The future

The futureShould they do a share buy back or start the dividends. If they do the buy back they can get back to the original numbers before the dilution thus increasing the eps and bringing up the price while buying and cancelling the shares. It is cheap for the company at this price verses paying double if they brought the dividend back. lastly with the smaller number of shares the more money they would be able to pay per share when they do bring the dividend back. I think it is the right thing to do but I'm sure everybody wants that dividend right now. 
Bullboard Posts