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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 harvester on Nov 28, 2023 3:27pm

My gut

is telling me we're at  the onset of upticks and heavy volume.
Glta
Comment by goldens on Nov 29, 2023 8:31am
Not sure about that but $3.80 is the price needed to keep the Dividend so the odds of it getting cut or reduced after the next quarter have dropped dramatically. Given that you have one of the top producing copper mines shutdown might just put us in a copper deficit rather than a surplus. We may see $4 and that is very good for us. Just my opinion and GLTA.
Comment by Specific on Nov 29, 2023 6:01pm
ftom arg publications..... "$3.80 copper guarantees the regular dividends and copper prices over $3.80 enable share buy-backs and/or special dividends" I believe that dividends are still payable at 3.60, perhaps a bit lower "Amerigo expects Q4-2023 copper production to exceed the 16.6 million pounds produced in Q4-2022" this is awesome...quite possibly, they feel that with ...more  
Comment by Lucentio on Nov 30, 2023 11:38am
Prudent to have the NCIB  but they don't have to buy any.  Build the cash on hand first and of course keep the 12c Cdn divd.
Comment by goldens on Nov 30, 2023 3:30pm
They will build the cash pile back up to the $25 Million mark before buying back any share in my opinion. That could happen after next Q if things keep moving in the direction they have been over the past couple of weeks. Just my opinion.
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