Post by
sclarda on Apr 15, 2021 10:20pm
ARG
Thanks for the replies. After a long wait things really seem to be lining up for ARG. They currently have nearly $40 million US cash in the bank and more cashflow piling up everyday and soon will have more cash than debt with another $5 million US pouring in every month.
The exact timing of when they start paying a dividend does not really matter as the most important thing is that the company is nearly net cash positive and is getting stronger everyday. If they want to wait another quarter or two and start with a small dividend that is no big deal either Share buybacks are also a good use of cash. Why not buy back shares for around a dollar that are making 40 cents per year in profit? Where else can you get a 40% return on your money?
The most impoortant thing is that ARG is doing very well financially and sooner or later that will spill over to the shareholders many of whom have been waiting a long time for if.
Good luck to all.