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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 > Feeling the love
View:
Post by harvester on Apr 13, 2023 1:13pm

Feeling the love

Been a long wait. Love this stock
Comment by goldens on Apr 13, 2023 2:45pm
I'm expecting them to announce a performance bonus on May 2nd of between $0.03-$0.06. They have talked about it long enough and now with a nice war chest and prices holding $4 then should be comfortable enough to act. Just my opinion and GLTA.
Comment by Roman79 on Apr 20, 2023 7:53pm
My feeling the performance dividend will come in Q3. If they pay it out too early people might be disappointed or sell their positions after. Nothing to look forward to for the rest of the year. Q3 allows for a December payout just in time for Christmas. It will cost roughly 1.6 million per penny. How many Pennie's will we receive? I like your range Goldens but if it comes late in the year and ...more  
Comment by goldens on Apr 21, 2023 7:13pm
They have dangled the carrot long enough and who says they can't pay $0.04 now and another $0.4 or 5 later. They are hanging onto way more cash than they said the wanted to have on hand while continuing the share buy back and the dividend.
Comment by harvester on Apr 22, 2023 8:07am
I heard a commentator (his name escapes me) say there's a 3 week supply of copper worldwide abd by August it's expected to be in the negatives. Copper price will soar. Hang on to your shares people. GLTA
Comment by goldens on Apr 22, 2023 4:12pm
The price of copper certainly does not reflect the supply. LME has never been so low.
Comment by harvester on Apr 22, 2023 6:00pm
There is definitely a disconnect. 
Comment by constructionsite on Apr 24, 2023 10:35am
The short-term copper-price predictive power of LME's inventory seems not to be what it was - China's inventory levels are now seemingly more significant for price-setting. An interesting take on the recent shifts as well as huge undocumented "reserves" in Africa here: https://www.reuters.com/markets/commodities/chinas-loss-import-appetite-damps-coppers-bull-fires-2023-04-19 ...more  
Comment by goldens on Apr 24, 2023 7:39pm
Good article. Of note is that China may have built up its inventory back to acceptable levels but it has been at the expense of the LME inventories. Once China starts consuming again they have nothing to draw on. Bit of a coiled spring seems like. GLTA
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