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Bullboard - Stock Discussion Forum 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... see more

TSX:ARG - Post Discussion

Amerigo Resources Ltd > how did ARG become my worst performing stock??
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Post by downwithdotcom1 on Feb 01, 2021 3:37pm

how did ARG become my worst performing stock??

whats going on??? this stock has taken a major pullback (hit 68 cents today) WHY?? ya copper is down to $3.50 ish but ARG was slow to increase when copper jumped in steps to $3.70.. does this mean a call to REDDIT??? Even SHERRITT has climbed higher % wise than ARG.. very dissapointed. dwdc
PS has long does it take to update their PRESENTATION?? new IR  firm needs to do a better job me thinks...
Comment by Jovica on Feb 02, 2021 1:08am
a stop loss sell orders from TD house may have been triggered today.   Market makers see all  these orders or may be they deliberately tried to flush out some sellers before another legup.  
Comment by goldens on Feb 02, 2021 9:47am
I am not sure about the weakness but I have seen this in the past only to recover quickly after they report. The report should be good especially after they rebalance the copper prices on the books. I added some. Volumes are pretty low. That firm they hired needs to start earning their pay. We also need to stick over a buck so funds can invest.
Comment by Lucentio on Feb 02, 2021 11:47am
They can afford to pay a dividend. This would surely take the stock thru  $1.   Look for a renegotiation of their loan with BNS allowing more cash flow for dividends and gving BNS a longer term loan.
Comment by prested on Feb 02, 2021 12:08pm
Lucky, I have been in this stock for so long and so many time that I remember when they paid a dividend, and have lived in hope that they would one day return to it. As you say, that would take it over $1.00, probably back to the $1.45 point.    I think one of the reasons they may hold off doing so is that the market never forgives a company that cancels a dividend, and they wouldn't ...more  
Comment by goldens on Feb 07, 2021 2:33pm
This has always been a fickle stock and they never seem to be able to catch a break. I agree once they announce a renegotatiated loan it will take away a lot of the risk. I would like to see them strengthen their books before the dividend as this will take us over a buck. At current prices it should not take too long. We should see a nice report coming and with copper at $3.50+ we should be ...more  
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