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Argos Resources Share Chat (ARG)



Share Price: 7.75Bid: 7.50Ask: 8.00Change: 0.00 (0.00%)No Movement on Argos Resources
Spread: 0.50Spread as %: 6.67%Open: 6.625High: 8.50Low: 6.625Yesterday’s Close: 7.75


Share Discussion for Argos Resources (ARG)


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wordog
Posts: 1,376
Off Topic
Opinion:No Opinion
Price:9.50
5%
19 Jun '15
Of how much is the key. Could prove to be a fair amount, doesn't sound as good as 20% of profits but I bet it's a better deal than the latter. There are a lot of costs before the oil is sold to market.
 
Ginny
Posts: 486
Off Topic
Opinion:No Opinion
Price:9.63
5%
19 Jun '15
Of hydrocarbon discovery? Seems a bit low - they need to negotiate that higher ffs
wordog
Posts: 1,376
Off Topic
Opinion:No Opinion
Price:9.63
Clarity
19 Jun '15
Ian Thompson

"This royalty interest entitles the Company to 5 percent of gross revenues from all oil and gas produced over the life of the Licence, free and clear of all costs."
wordog
Posts: 1,376
Off Topic
Opinion:No Opinion
Price:10.00
Update
19 Jun '15
So what does today's annual report tell us?

1. Rhea will be drilled at zero cost and Arg will receive 5% gross revenue of all hydrocarbons, importantly it confirms this is before any costs.

2. We will get a 2.75 mil payment which will be used to pay historical costs.

3. We have 1.5 mil in cash.

For me this is still Rhea or bust, they have definitely left this deal to the last hour. If Rhea is commercial, that 5% could be a good wedge of cash long term.
mikemike
Posts: 1,827
Off Topic
Opinion:No Opinion
Price:9.63
View Thread (2)
RE: Still ramping away
19 Jun '15
One thing for sure it is not a trading share. You cannot get out even at Bid
greaterreturn
Posts: 46
Off Topic
Opinion:No Opinion
Price:9.63
King999
18 Jun '15
I do not believe any ramping was taking place. I think this share is beyod ramping. the majority of shar4eholders have been in for quite some time as the volatility shows. As to eegbvi I was simply pointing out the fact that his facts were assumptions and totally wrong at that. I reiterate - It is 5% of the TOP! No deuctions for costs or anything else. King99 if you just had a little more knowledge you might be useful but as it stands my 8 year old daughter is more use. Over and out>
King999
Posts: 90
Observation
Opinion:No Opinion
Price:9.88
View Thread (2)
Still ramping away
18 Jun '15
You rampers just cant accept that not everyone needs and sees this investment as yourselves and considers a forum as a grown up venue to discuss pros and cons of any particular share. As you guys only have rose tinted glasses to see from (clearly over invested), frankly I pay no attention what so ever to your ramblings and have found eegbvi commentaries more than appreciated as some one like myself, wishing to make an informed decision, and probably like the majority, not really knowing what goes on all those millions of miles away. The only reason I have not given up on this share is because the current price represents a massive diiscount to what the institutions hopefully paid (again I may stand corrected) but they at least have analysts and views based on far better information than anything posted on here. Its funny the rampers went quiet for aa few days but have come back in a vengeance!!!! Oh yes, I must get a life, blah blah blah but sorry to pull you away from your slot machines, I try to make investments not gambles.
mikemike
Posts: 1,827
Off Topic
Opinion:No Opinion
Price:9.88
View Thread (2)
RE: Lobster pot
18 Jun '15
day 3 of trying to get out of this lobster pot at a give away price of 9.50, still nothing doing
Tuggy
Posts: 120
Off Topic
Opinion:Strong Buy
Price:9.88
Eegbvi
17 Jun '15
Thank you winger1 , it is not that I am trying to be critical but someone who professes to be floating oil company's in Hamburg I am surprised he has the time to worry about his investment in Argos , and giving us chapter and verse as to what 5 per cent royalty really means . He will be back with some more input no doubt but this time I think we have won the argument .
winger1
Posts: 37
Off Topic
Opinion:No Opinion
Price:9.88
eegbvi
17 Jun '15
Tuggy, your input is much appreciated and valued, by us long term and genuine investors. I don't quite get eegbvi, he seems very downbeat on Argos, and yet continues to voice his opinions, all be it totally negative, and critical, if I felt that way about an investment, why put time and effort, into bashing it?





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