RE: ARB5 Oct 2021 15:06
In exactly the same place Parkdog. Argo has been negatively rerated it would seem.
Unfortunately, the altered IPO pricing has massively negatively impacted sentiment around Argo IMHO.
There seems to be much less optimism around Argo. Unfortunately, the IPO was a route to further share dilution - something PW expresssly advised would not happen after the previous dilution in March. It remains to be seen whether the Texas development will be a success, although everything points to this. I do hope we see extra mining capacity online this month otherwise it’s worrying given the previous contract cancellation. Sadly, I no longer trust PW at all. I just hope desperately that they carry out the plans as have been projected to investors, no more excuses. Time will tell I guess. I will hold for now in the hope that these plans are followed through but I’m nervous for sure.