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Argonaut GoldAR.TOHOLDOct 03, 2012Stock price when the opinion was issued
As of Jul 16, 2024. Market Open.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The $45M bought deal adds to the current cash of $173M. The cash needs are close to the cash position. The mine has reported an okay technical report. Would like to see the IRR higher than 19% however. Removal of financial uncertainty will be good for the stock. The sector has been doing somewhat better. Unlock Premium - Try 5i Free
It is a play on central banks printing more money. Gold should continue to perform well. He has trimmed his position, however. Don't put a lot of new money into it.