RE:RE:Nov 3rd.goldens wrote
The dutch auction has to be hanging over our heads. I watched that presentation with Campbell and there is no way we should be languishing at this level. They have 6 other Codelco mines that could serve as future projects to increase production as well. Even with a Dividend they could easily fund another project without having to take on debt. Where is the downside here?????
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"I watched the presentation with Campbell and ther is no way we should be languishing at this level."
I know what you are saying but we also have to remember that exactly 1 year ago ARG was trading at 49.5 cents and a few days ago we were more than triple that and are still currently at aprox. 2.7 times the shareprice we were one year ago.
I dont know about anyone else but if ARG could triple again in the next year while paying a nice dividend i would be quite happy.
Watching the shareprice everyday and trying to wish it up does not work. I have tried it myself many times. In the short term a companies shareprice will have all kinds of eratic daily ups and downs and is impossible to predicet.
The only thing that will make the shareprice rise a lot and likely stay there is a company like this one with a $250 million Cdn. market cap. that has $35 million US in net cash and keeps adding $6 million US in cash to that pile every month and will soon be paying shareholders a nice dividend.
In the end in the stock market as in life in general the truth is that money talks and this company has it piling up all over the place the market just hasnt completely noticed yet.
Come Nov.3rd i believe the market will start to take a lot more notice of ARG.
Good luck to all.