Amerigo Resources Ltd T.ARG

Mistakes of the past

[prested]

When they over-reached the dividend they were forced to cut it and that caused a ssrious pull back from which they haven't totally recovered. I love divs the same as the next person, but I sure don't want to see them over-reach again. Slow and sure is the way I'd like to see them go. Great company, but operating in a politiocally challenging area so best to be conservative IMO. GLTAL

[goldens]

They are clear that they can support the $0.12 annual dividend with $3.60 copper and will use the share buyback and special dividend when times are really good. With the good news coming out of China I think we will see copper stay above $4 in the near term and if it can stay above $4 for the full year we will see a very nice special dividend. Recall in previous press releases they indicated any