Amerigo Resources Ltd T.ARG

Feeling the love

[harvester]

Been a long wait. Love this stock

[goldens]

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.

[Roman79]

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

[goldens]

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.

[harvester]

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

[goldens]

The price of copper certainly does not reflect the supply. LME has never been so low.

[harvester]

There is definitely a disconnect. 

[constructionsite]

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

[goldens]

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