RE:ARGAlso don't forget thier investment in Los Andes Copper LA.V that they mentioned was non core on the last earning call. Maybe a divestment? Dividend may still be another quarter or two away as seen below from the 121 Presentation. Hopefully they don't go the buyback route.
What is your rationale for taking part 121 Mining Investment?
Amerigo is looking to diversify its shareholder base after a very success plant expansion and optimization initiative. There are no capital needs at this time.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Refinance existing debt to provide more cash flow flexibility
6 Months:
Return capital to shareholders by way of dividends or other mechanisms
12 Months:
Continue to hit our production and cost guidance while evaluating growth opportunities (bringing other tailings deposits online)