Argonaut Gold (fka ARNGF)

[Lowjack]

https://s22.q4cdn.com/115151820/files/doc_news/2023/03/04-27-23-Argonaut-Gold-Offering-PR-Final.pdf

[Brokemillwright31]

Ya, tough spot. I sold my house last April. Don't like having a wad of cash after all the stuff I follow. After the 2 bank collapses my credit union just updated theor policy giving me an option to op out of basically saying I have no rights to a class action lawsuit and other stuff. Oddly after I got that email I tried logging on to move money and online banking was down. I pulled over 2/3 and have it in short term treasury bills. I'll be a precious metal buyer agian soon one the drop I waiting on happens. Waiting on buying a house as I think the dollar collapse will revalue everthing

[Lowjack]

You'll know soon enough with bank earnings tomorrow and Friday. Can't be in bonds with banks teetering on the edge of liquidation. Can't be in cash as the dollar is in bear market with H/S pattern. Place to be is in Money Market or GOLD/Silver. Miner earnings should be beating expectations with the rise in metals prices in Q1.

Index markets double top should be rolling over from overbought! Fed 25bp raise in May and probably June.

[Brokemillwright31]

Podcast link doest work

[Brokemillwright31]

https://castbox.fm/x/2_TNw

This nick santagio has made some solid calls on metals

[Lowjack]

https://s22.q4cdn.com/115151820/files/doc_news/2023/03/03-30-23-Argonaut-Press-Release-Magino-and-Florida-Canyon-resource-update-FINAL3.pdf

[Lowjack]

This one specifically has sold enough forward contracts at $1860 to get through it.
FTCO is sitting on $50M cash + $50M on the pad. Divi monthly. <---Best place to hide. Wait for next buying op before entry.

[Brokemillwright]

Nice analogy but I'm not convinced. Historically when's there is a market crash, metals go with it temporarily from what I've been watching. Don't know how that'll play into the miners but we'll see shortly

[Lowjack]

The bottom was in $400 ago. It's like managing a house. Rent some durring a run or sell some during the off season. Just don't buy an entire neighborhood!

[Brokemillwright]

Still broke. I'm learning risk management and not putting more than 2% into each speculation. Reading some books on value investing as well. Still don't think bottom is in for metals yet

[Lowjack]

Surprise, they already started loading ore on the pad for commisioning over the next three months. I was also surprised they intend to drill the super secret massive sulfide deposit at Florida Canyon. The only question is will they claw back the tax loss in the 1st or 2nd Qtr? I suspect they should use it to repurchase some shares.

[BestFishes]

tough financial report out. -20% today. how much lower can this thing go before magino kicks off

[Lowjack]

You shouldn't be broke anymore.

[Bitfury]

starting to load ARNGF -

[Brokemillwright]

Supposedly this is the #1 gold stock to own in 2022 according to a certain person. Wonder if this is near the bottom, in at .30 to see what happens over the years

[BestFishes]

Hello everyone. I'm new here, just recently found Argonaut and very interested. Only getting caught up to speed today regarding the debt and equity financing of the new development project. I'd love to hear some opinions if this is over valued or over sold at this juncture? Can't wait for the markets' next open to see what's next with this project!

[Lowjack]

Theoretically they could purchase 90,000 oz right now and pocket $100/oz!

Whoever is in charge of buying price protection needs to be slapped upside the head multiple times!

[nunaka]

Just great... Tanks on decent news. Argonaut Gold Maintained at Outperform by RBC Capital Markets Following Q1 Results, Higher Construction Cost for New Mine
BY MT Newswires

[willlbone]

Bid 50 cents

[bigone]

That would be appropriate I believe.

[Lowjack]

Would be better if they had the COO giving an update over the footage.

[bigone]

Very nicely done presentation. Thanks for sharing.

[Lowjack]

[Lowjack]

Don't overplay your shorts!

[Lowjack]

Must be that loss of .12 in the 4th quarter as the CEO took his golden parachute.

[nunaka]

Home run earnings greeted with a good, stiff kick in the nuts....

[bigone]

Hope that it just keeps getting better.

[bigone]

Seems solid to me???

[Lowjack]

Earnings .08/shr
https://sedar.com/CheckCode.do

[bigone]

Thank you.

[Lowjack]

Sorry, I forgot the chart.
https://schrts.co/PtWkYzEh

[bigone]

You are way beyond my understanding.

[Lowjack]

Fill the gap or island reversal!

[bigone]

Thanks Lowjack for sharing.

[Lowjack]

[Lowjack]

Inverted H/S!

[bigone]

Check the company website for the Dec.14 news release. yes, money is cheap right now.

[Lowjack]

Did they release an updated economic feasibility report.

Also you can borrow large sums at really low interest rates right now. .37%

Get at least a Billion and roll up a few smaller producing mines to support the added expenditures. Then if they have to they can spin it out.

[molee]

https://iknnews.com/argonaut-gold-ar-to-at-least-we-know-why/

[bigone]

I would guess that it because management announced a few days ago that the capital expenditures for new development projects will be very much higher than previously thought???

[Lowjack]

Who and why capitulated?

[bigone]

Looks like the level was being used. The FED.... gives me bad thoughts. Invest in a good gold miner.

[bigone]

Looks like the level was being used. The FED.... gives me bad thoughts. Invest in a good gold miner.

[Lowjack]

Longest handle in history...

Time to whack some Feds

[bigone]

Nice move up today.

[rcaselli]

Big print after hours 17,080 @ $2.772643
Lol.

Clearly a MM.


ARNGF

[mcokpba]

Argonaut Gold Announces Record Quarterly Production of 63,749 Gold Equivalent Ounces, Record Quarterly Revenue of $120.2 Million and Provides Second Quarter 2021 Operating and Financial Results

Outlook

Argonaut is on track to achieve its 2021 consolidated production, cost and capital guidance. The table below outlines the first half of 2021 production and cost actuals compared to full year 2021 guidance:

2021 PRODUCTION AND COST GUIDANCE

The Magino construction project is tracking on schedule. During the three and six months ended June 30, 2021, the Company incurred $64.0 million and $103.2 million in costs, respectively, related to the construction of the Magino project that were capitalized to assets under construction. Of this amount incurred, the majority was for securing long lead time components for the mineral processing plant and for site development, camp construction and earthworks.

While the Magino construction project remains on schedule, Argonaut is currently reviewing the impacts of COVID-19, foreign currency exchange rates, contingencies, potential adjustments to the development plans and cost inflation to certain inputs related to the initial capital estimate (excluding ramp-up capital) which it believes will likely exceed the 15% last disclosed in the press release dated May 4, 2021.

Argonaut is currently working to optimize its life-of-mine plans. Following this work, the Company anticipates publishing updated National Instrument ("NI") 43-101 Technical Reports for the the El Castillo Complex (El Castillo and San Agustin mines) and the La Colorada mine by the end of 2021.

Argonaut also believes there is a potential opportunity to reduce the near term sustaining capital requirement at its La Colorada mine, primarily by deferring some of the capitalized stripping of the Veta Madre pit. While this evaluation is ongoing, early indications illustrate a mine plan that is generally neutral in terms of net present value but provides additional cash flow during 2021 and 2022. More information regarding a new mine plan at La Colorada will be provided concurrent with the publication of an updated NI 43-101 Technical Report, which is expected by the end of 2021.

Full year 2021 capital guidance has not changed. However, Argonaut now expects to invest approximately an additional $10 million at the Magino construction project and decrease capital spending at La Colorada by approximately $10 million during 2021.

insert-text-here

[Lowjack]

Earnings after the close today.

Seems like they are looking to buy growth. With the recent price correction I see some consolidation taking place.

[Lowjack]

Might be a good time to buy back them calls on the collar!

[Lowjack]

Did they get it to fire on all cylinders?

If so look for cheep assets to pick up in Q4.