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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 > Options Expiry March 1/2021
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Post by savyinvestor333 on Feb 21, 2021 8:18am

Options Expiry March 1/2021

The board and Named Executives have over a million options expiring March 01 at $.14. It will be interesting to see if they hold on to the shares when they exercise them.
Comment by Taran83 on Feb 21, 2021 8:58am
Just a thought: The lack of share price appreciation last friday in conjunction with high volume may be also linked to insider selling. Insiders cannot sell shares when news are pending. After releasing Q4 results, they may have taken the opportunity to free up some cash to exercise their options that are soon to expire. With regards to the CC: I do not prefer the company going private. I would ...more  
Comment by Lucentio on Feb 22, 2021 12:12pm
They are taxable when they exersise the option so you can reasonably  expect some to be sold to pay that tax.
Comment by goldens on Feb 22, 2021 6:15pm
It will be interesting to see if they exercise and sell or hold. You would have to think that with the market conditions the would hold for even bigger returns
Comment by PERRY1 on Feb 23, 2021 9:29am
I think a buy out is in the works by insiders
Comment by savyinvestor333 on Feb 23, 2021 2:11pm
Would you be kind enough to explain your reasoning?
Comment by Lucentio on Feb 25, 2021 2:28am
Au conrraire mes amis.   I think insiders are selling  @  91c92c   to  new players prompted by Harbor Access. Harbor has been signed up for 6 to 7 weeks now.  Where else would such sizable amounts of shares come from?       Possibly old timers like Ross Beatty and Rick Rule?
Comment by savyinvestor333 on Feb 25, 2021 9:28am
Not sure about that as nothing reported yet along that line.