Amerigo Resources Ltd T.ARG

Alternate Symbol(s): ARREF

Metals & Mining Industrial Metals & Minerals

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

Amerigo Resources Ltd

Bullboard Posts

Post by Stockbaggeron Apr 08, 2011 10:55am

350 Views

Post# 18404460

Copper prices up again

Have read estimates are around
.28 EPS for Fiscal 2011 year.

Semi-annual dividend of Cdn
.02 per share, payable on May 5, 2011 to shareholders of record as of April 22, 2011.

Copper up 0.07+ cents this morning (Canadian dollar up USA dollar down)
https://www.kitcometals.com/charts/Copper.html

https://www.amerigoresources.com/_resources/news/NR2_02_28_11_2010_Financial_Results.pdf

Have read estimates for ARG are around
.28 EPS for Fiscal 2011 year.

Seems like this stock has a lot of day trading between $1.20 and $1.25 which is too bad as it has a lot going for it. With a dividend comming I would think some flippers might get squeezed. I wish the company would start buying some stock back to support a move up.