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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

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Post by goldens on Feb 02, 2023 3:40pm

Level 2

Hard to understand the move down. Almost nothing on the ask and lots on the bid. If you put a market order in for 30K shares it would take everything out to $1.60
Comment by Lucentio on Feb 04, 2023 9:04pm
There are major fires in central Chile. I have no idea if ARG is affected.
Comment by Taran83 on Feb 05, 2023 10:26am
According to NASA FIRMS, the fires appear to be more to the south of MVC. There is some fire indication right at the location of El Teniente mine though. But I assume that this is not a fire but a thermal anomaly or other type of artifact caused by the mining operation: NASA FIRMS
Comment by goldens on Feb 06, 2023 8:29am
Thanks for that site. If I look near where I live you can see the Steel plant shows up as a hot spot so not really sure this can be used to locate fires unless of course it is in an unhibated area.
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