RE:RE:RE:Any time NOW management! This is getting RIDICULOUS!!! The main point is the poor managment is not going away.
Market Cap is 262.869M
In 2012 Argonaut paid Prodigy the equivelent to $341M for the land and rights to Magino.
920M ($800M X 15%) estimated cost to completion ("EAC") for the Magino construction project +341M (purchase price) = $1.26B spent on Magino alone.
I use to be a substantial shareholder in Richmont Mines, we got ripped off by Alamos, but that's another story. I myself have a contact at Alamos who is a VP ( who wouldn't comment on any stock) but he gave me the vibes that no matter what the price, Alamos have enough on their plate with their current development projects. I would have assumed with the 1 mile proximity to Island Gold it would be a no-brainer. Something just doesn't seem right with Magino.