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Share Name Share Symbol Market Type Share ISIN Share Description
Argos Resources Limited LSE:ARG London Ordinary Share FK0114538241 ORD 2P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 3.23% 3.20 674,606 16:35:25
Bid Price Offer Price High Price Low Price Open Price
2.50 3.00 3.10 2.75 3.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -0.30 -13.57 7
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 141,703 3.20 GBX

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Date Time Title Posts
14/1/202110:50ARG Argos Resources (Falkland Islands Oil & Gas Exploration)1,490
07/10/201513:37ARGOS NORTH59
16/5/201414:42Argos - undervalued falklands explorer29
19/7/201310:08Argos Resources Limited - North Falklands Basin659
28/3/201209:38Stop UK Aid To Argentina e-petition1

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DateSubject
23/1/2021
08:20
Argos Resources Daily Update: Argos Resources Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ARG. The last closing price for Argos Resources was 3.10p.
Argos Resources Limited has a 4 week average price of 2.07p and a 12 week average price of 1.65p.
The 1 year high share price is 4.70p while the 1 year low share price is currently 1.65p.
There are currently 219,713,205 shares in issue and the average daily traded volume is 209,646 shares. The market capitalisation of Argos Resources Limited is £7,030,822.56.
16/9/2020
07:38
under the radar: OT ... Heads up - it’s time to invest in BOR !! Borders and Southern :- 1)465m barrels of condensate (light sweet crude) 2)Own 100% of all acreage 3)Darwin (discovery) costs are under $35 a barrel 4)474m shares in issue 5)£3m mkt cap = nothing at all priced in and priced to fail 6)Bod own over 10% of shares 7)Rkh sea lion will get sanctioned next year which will do wonders for BOR 8)Bottomed - no sellers left as all flushed out 9)Bullish divergence on chart with bullish white candles being formed and it’s totally oversold on stochastic rsi 10)Enough money to last until April 2023 11)Update due in next 2 weeks The Market was over pessimistic and now a correction is due (it’s JUST starting now) Share price 0.7525p - it won’t be under 1p for long imho Put it on your watch list at the very least and see for yourself what happens I wish you luck whatever you decide! ATB
16/7/2020
12:06
corrientes: How about a change of direction here ? A whiff of, say, gold mining in some obscure country or something indirectly connected with the virus should help the share price. Waiting on Godot certainly won't.
03/6/2020
06:32
burtond1: Time to have a look at ARG?https://total-market-solutions.com/2020/06/03/rockhopper-exploration/
29/2/2020
21:25
flyinghorse1: The ARG share price mimics any Sealion activity
29/2/2020
21:24
flyinghorse1: If sealion goes ahead then ARG just gets more expensive (imho) so I don't see finding a partner an issue before a cash raise is required. I may be wrong but securing the license was key.
29/2/2020
20:06
cyan: From ARG annual report; "Administration expenses were $433,000 in 2019" "Cash in the year decreased from $788,000 to $768,000." Clearly a fund raise will be organised in 6 months or so, or else, they run out of cash in 18 months. Am a bit cynical about the 'interested parties' tale There are not the resources or a rational case for any SEALION partner to go off piste into ARG licence.
29/2/2020
16:45
stocktastic: If RKH gets a payout from Italy, possible that along with other partners, they take on ARG field. Developing that would be much more efficient linked to Sea Liom
28/2/2020
14:31
cyan: ARG results are worth careful reading; notably this section; "At 31 December 2019, the Group had sufficient cash resources to continue for a period in excess of 12 months beyond sign off. The Company's ability to achieve its long term strategy of developing its exploration projects is dependent on finding an exploration partner and discussions are underway with interested parties to achieve that. In order to continue as a going concern beyond the 12 month horizon the company will also need to raise further finance either through such a partner or by raising funds in an equity issue. As described above, the Directors expect to be able to find an exploration partner, given previous interest and the significant prospectivity within the Licence area, and the Company's history of raising funds through the issue of equity, the directors also consider that the Company is likely to be able to raise the required capital. However, there are currently no binding agreements in place. Should the Directors be unable to raise sufficient funds or find an exploration partner, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. These factors indicate the existence of a significant material uncertainty which may cast doubt over the Group's and Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group or Company were unable to continue as a going concern." Any serious interest in the NFB would benefit all ; but is there anything to get excited about in this statement? "..the Directors expect to be able to find an exploration partner, given previous interest.." Well, Noble & Edison WERE interested but walked away. "interested parties" have to wait and see but I would be surprised if its Navitas as they have a lot to raise for SEALION. I guess they, or another, might try to do a similar holding arrangement like Noble & Edison did which would keep ARG lights on. Here is the nasty 'going concern' bit; "...there are currently no binding agreements in place. Should the Directors be unable to raise sufficient funds or find an exploration partner, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business." Imo , the whole statement is clearly about offering hope in anticipation of a fund raising from shareholders to keep the lights on , if the interested parties do not pony up and this line spells it out; "..the Company's history of raising funds through the issue of equity, the directors also consider that the Company is likely to be able to raise the required capital." ARG management have got shareholders in their death grip; you either give us more money in a serious dilution and hope a new partner emerges ; or you risk losing everything. Oh, I hear some say BUT there are "interested parties" really? anybody remotely credible? ummmmmmm Are ARG management looking for a desperate paper takeover by RKH ? Their negotiating hand is VERY weak. My bet is there will be an equity raise from shareholders and there will not be a white knight riding to save the day.
05/10/2018
07:55
whackford: I'm surprised by ARG share price rise today. Better to sell here and buy into RKH. Cash to share price ratio far better at RKH plus much greater likelihood of development.
04/1/2018
16:17
corrientes: Rubbish. Its all to do with comparisons, and ARG share price is far too low when virtually all its peers in the micro oil spec sector are creeping up. You're most likely a buyer if your saying this at the lows.Have a gander at the cap. as well as the oil price, but you know this already !
Argos Resources share price data is direct from the London Stock Exchange
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