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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 bobvee15on Aug 26, 2012 6:41pm
325 Views
Post# 20262496

RE: RE: Buy recommendation reiterated

RE: RE: Buy recommendation reiterated

The other major concern  that you forgot to mention is the quickly depleting cash balance. When the marketplace knows you have to go to the till in the form of equity or debt the market maker who is  also an underwriters will continually punish the valuation of the company.  I think this stock is dead money until the dirty deed is done.

Bullboard Posts