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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 Oct 05, 2023 4:29pm
119 Views
Post# 35671924

RE:Nice bump up on high volume.

RE:Nice bump up on high volume. We were way overdone and probably had some short covering. Everything is in my opinion is oversold. We are trading like it is 2008 but I don't see the same economic conditions. In 08 manufacturing orders pretty much disappeared overnight but I don't think that is the case here. I think they have enough funds to keep the Dividend for a few more quarters and I really don't see copper staying at this price but heck what do I know.
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