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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 Feb 16, 2019 2:00pm
104 Views
Post# 29375441

RE:RE:RE:breakout soon

RE:RE:RE:breakout soon I have still maintained my position here and seriously considering adding to it. I feel comfortable at $2.70 copper and higher but I feel it  begins to carry risk  of being able to fully service the ST debt at prices below that.

Once they pay off all of the ST debt with the wind behind their back this stock certainly will rise much higher . Granted they unnecessarily created some doubt here when they foolishly didn't hedge copper when the price of copper was much higher last year but you could look at it as an opportunity acquire a nice sized position.

Bullboard Posts