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Argos Resources Share Chat (ARG)



Share Price: 4.75Bid: 4.25Ask: 5.25Change: 0.00 (0.00%)No Movement on Argos Resources
Spread: 1.00Spread as %: 23.53%Open: 4.75High: 4.75Low: 4.75Yesterday’s Close: 4.75


Share Discussion for Argos Resources


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Tuggy
Posts: 267
Off Topic
Opinion:Strong Buy
Price:4.00
RNS
23 Feb '16
Remember argos £2.75 million in September so this share price is typical of MM overeact to a relatively cost cutting exercise benefiting our partners Noble.
Many doubted their commitment after ER announcement , this. Whole exercise firmly dislelled this doubt.
Personally I think we will drill about ten months from now as they want to get the tailend of the Falklands summer to drill Rhea.
I agree with other posters they will not stop at one drill now , so effectively this delay has been a blessing and the share price down to rock bottom. Remember no dilution.
 
Bham786
Posts: 121
Off Topic
Opinion:No Opinion
Price:4.00
RE: RNS
23 Feb '16
Hi Tuggy,

I believe we need to get the extension first, which should come in the next 2 months or so.

I personally, believe we will drill in April 2017...? Do you think we will drill prior? Imagine POO is over $60 and we drill a multi well.

I personally, don't mind waiting, as a year will fly by...
Tuggy
Posts: 267
Off Topic
Opinion:Strong Buy
Price:4.00
RNS
23 Feb '16
This just proves what I said some days ago , Noble are more than keen to drill , more than one well and also to reflect the ER debukule Argos have reduced their yearly payment. The company has good reserves and it would seem churlish to carry on demanding the original amount as Noble lost a lot of money planning the ER drill campaign.
This share will rocket shortly and at these prices they are a steal.
wordog
Posts: 1,854
Off Topic
Opinion:No Opinion
Price:3.875
RE: RNS
22 Feb '16
Imagine what a multi target drilling campaign would do to the share price!
wordog
Posts: 1,854
Off Topic
Opinion:No Opinion
Price:3.875
RE: RNS
22 Feb '16
And I think that's the key, if Noble mobilise a rig they will wish to drill more than one well that's for sure. Where exactly and with whom we don't know. But one thing I know for sure is that if I was Noble it will be a hell of a lot cheaper and less risky drilling multiple targets in Argos acreage which has cost you peanuts.
luckyman2
Posts: 2,376
Off Topic
Opinion:No Opinion
Price:3.875
RE: RNS
22 Feb '16
iana

Well spotted.
Every little bit helps.
In the short term it does't really matter.
What is very important is that Noble goes ahead and drill Rhea and maybe another well since the Day rate for rigs has dropped substantially.
iana150159
Posts: 74
Off Topic
Opinion:No Opinion
Price:3.75
RE: RNS
22 Feb '16
Not trying to be pedantic but RNS states £300000 per annum so its from $800000 to ~$420000, unless it's a typo.
mikemike
Posts: 2,573
Off Topic
Opinion:No Opinion
Price:3.75
RE: RNS
22 Feb '16
and their kids school fees. All is very far from being lost

and as the great prophet said, these prices are a steal!!
luckyman2
Posts: 2,376
Off Topic
Opinion:No Opinion
Price:4.50
RE: RNS
22 Feb '16
$800.000 reduced to $300.000 will not make any difference to us shareholders as most of the costs are probably the Directors wages.
luckyman2
Posts: 2,376
Off Topic
Opinion:No Opinion
Price:4.375
RNS
22 Feb '16
At least Noble still intend to drill Rhea.
$800.000 reduced to $300.000 per year which still covers our yearly overheads,




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