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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

Post by Roman79on Feb 23, 2021 6:57pm
224 Views
Post# 32643080

Stock Price Guess Q1 Earnings

Stock Price Guess Q1 EarningsI don't foresee any major changes in the stock price before Q1 earnings are released. Maybe a few pennies if copper continues on its current path. Every $0.10 rise in copper might bring another $0.02 to $0.04 in share price, if that. After Q1 earnings my guess is $1.10 to $1.20 and with subsequent strong quarters will bring the stock to a maximum of $1.50 by the end of the year. The investor profile of new money coming into the market is not based on value, earnings, and fundamentals. It's get rich quick, huge returns, and quick flips. This stock won't attract any attention from new buyers regardless of promotion by Harbor Access. The only hope to bring this into the $2.50 range is a sustainable dividend of $0.02/quarter and significant debt reduction. That will attract the traditional investor and bring up the share price. The Small float will certainly make it difficult for anyone to buy in large quantities. If this stock sees $2.50 to $3.00 a few of the major shareholders will dump everything and bring it back down to the $2.00 range. Just my thoughts for fun, not basing this on any major analysis. Either way I'm going to hold this until at least 2023 and see what happens. I was lucky enough to buy a sizeable position when it was in the pits late March early April. My outlook is biased based on owning this for a relatively short time, if I was holding it for five years with an average cost of over $1 I wouldn't be so impressed with the lack of return.
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