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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 SomeGainNoPainon Nov 18, 2021 12:03pm
159 Views
Post# 34141230

NCIB coming

NCIB comingAccording to yahoo finance, 357000 is the average shares traded per day. With NCIB usual terms, 10% of this each day can be rebought and cancelled, so 35700 shares daily. With around 250 trading days per year,  approximately 9 million additional shares can be cancelled in the next 12 months, way below the 10% of total shares (17 million).  Amerigo already has the funds to execute this. It will be a great 12 months.  
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