Bullboard - Stock Discussion Forum Amerigo Resources Ltd T.ARG

Alternate Symbol(s): ARREF

Metals & Mining Copper

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

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TSX:ARG - Post Discussion

Amerigo Resources Ltd > Averging Down

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Post by Thestockguy on Sep 22, 2023 3:01pm

Averging Down

I will be a buyer if we get to $1.27 per share.

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Comment by Lucentio on Sep 24, 2023 10:17pm

And what is your upside target? If say it's $1.80 buy it now at $1.29, to hell with $1.27

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Comment by Thestockguy on Sep 25, 2023 10:27am

Got mine at 1.27. i know quarter will not be good. I expect managment will fight to keep base dividend in place. Medium term business model should remain intact at this price of copper. Obviously a $4 copper price would create windfall.

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