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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

Comment by goldenson Mar 14, 2023 6:55pm
141 Views
Post# 35338614

RE:Dividend yield

RE:Dividend yieldNormally if you see companies with such high yields it is also followed by notes regarding the sustainability of such a high yield. This company can easily sustain that down to $3.60 copper prices and then even if there is a dip below they have a war chest that can keep paying. I don't think we will get that low and I see us moving close to $5 than $3. LME still at record lows and we have China opening back up. The word need to get out about this little gem and then we will have to move higher. All you need is one fund that wants in and due to the low trading volume this thing will rocket and bring the dividend back to around 4-5% which is where it should be. All just my opinion of course and until then I will collect my money every quarter.
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