Amerigo Resources Ltd T.ARG

Adding more

[savyinvestor333]

on this pullback.

[microcaphobby]

smart move. The 2nd q numbers will be solid and this dip in Copper is going to be short-lived. Nothing Chinese can do about the copper price, in the long term. 

[Joe455]

China is a pandora's box. Those guys might have a mountain of copper to blow off and then buy back cheap. I'm pinning my hopes on Musk electrifying the  planet.

[sclarda]

microcaphobby wrote smart move. The 2nd q numbers will be solid and this dip in Copper is going to be short-lived. Nothing Chinese can do about the copper price, in the long term.  -------------------------------------------------------------- At the end of the second quarter which is aprox. 10 days away ARG should have around $10 million US more in cash than total debt.  At the end

[savyinvestor333]

We have to remember cashflow is not earnings, once we remove all costs the earnings will be alot less than $80 million I don't think trading at 10 times cashflow is realistic.  We will probably have a hard time getting to 10 times earnings. CIA which is an iron ore producer is trading at 6 times current year earnings and doubling production right now. From the Amerigo website presentation

[sclarda]

savyinvestor333 wrote We have to remember cashflow is not earnings, once we remove all costs the earnings will be alot less than $80 million I don't think trading at 10 times cashflow is realistic.  We will probably have a hard time getting to 10 times earnings. CIA which is an iron ore producer is trading at 6 times current year earnings and doubling production right now. From the

[savyinvestor333]

So how am I quite wrong?  Maybe you are as here is a quote from the transcript  on taxes paid in the first quarter. That's U.S dollars also not Canadian so full year taxes will be alot more than 10 million. In Q1 2021, the company recognized an income tax expense of $4.3 million and a net income of $10.9 million, compared to an income tax recovery of $3.7 million and a net loss of

[Joe455]

Lots of upside from here.

[savyinvestor333]

Just keep patting yourself on your back Joe, Your all thumbs

[Joe455]

smart move.