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ARG Argos Resources Limited

0.00 (0.0%)
Last Updated: 00:00:00
Delayed by 15 minutes
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
  0.00 0.0% 0.35 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.35 GBX

Argos Resources (ARG) Latest News

Argos Resources (ARG) Discussions and Chat

Argos Resources Forums and Chat

Date Time Title Posts
07/12/202309:37ARG Argos Resources (Falkland Islands Oil & Gas Exploration)1,513
08/3/202312:57Argos Resources - Falklands Oil192
27/4/202110:29ARG...arghhhhhhhhhh a falling knife !90
07/10/201513:37ARGOS NORTH59
16/5/201414:42Argos - undervalued falklands explorer29

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Argos Resources (ARG) Most Recent Trades

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Argos Resources (ARG) Top Chat Posts

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Posted at 30/5/2023 09:33 by taxibabe
Its obviously gone through, hence the price.
Posted at 04/5/2023 13:19 by bensdad2
To work out the likely value, isn't it easier to read the R.N.S. That suggests that JHI values, its own shares at $0.71 per share, and states that the deal is worth about 2.23p per Argos share.What we do not know is the level of other liabilities. If there were none, the shares should be worth about 2.23p each. The RNS only refers to certain creditors who are to be paid in JHI shares, leaving 8M for Argos shareholders.Has anyone done the research to establish the level of other liabilities.
Posted at 04/5/2023 12:30 by c2b
But most of that $43m is not in the company now, nothing's earning in the company now, and just because someone paid large sums of money for shares in a company a few years back, that doesn't signify anything if it's now 'Money Sunk and Lost'. Case in point:- Tens of millions have gone into Argos at share prices multiples of today, and it paid for Seismic that showed targets equally as good as next door Rockhopper, all to no avail if you can't get the money to drill it, and if the backers you do get back out.
Posted at 04/5/2023 12:30 by tuna hunter
it's not because jhi is private and shares arent tradeable on a market. but as an investment, better than arg as they have the clout and finance to get the assets moving forward. they will no doubt float in due course to materialise their assets
Posted at 04/5/2023 12:26 by shareho1der
If JHL shares is £1.50 per share.ARG shareholders will have 8m x £1.5 = 12m.Therefore, ARG should now be trading at 12/220 = 5.45p
Posted at 04/5/2023 12:12 by tuna hunter

8,000,000 in exchange for 213,000,000 shares

JHI sold a stake back 2021 for $2 per share

so if you have 1,000,000 arg shares, you will get 38,000 JHI shares

even if JHI shares are worth say $1.50, then your stake in JHI is worth $57,000

they are churning out $43m+ profit (that was a few years ago... it'd be nearly double that now)
Posted at 04/5/2023 12:01 by pirates4
8,467,820 JHI Common Shares Compared to 213,000,000 outstanding in ARG.Not much to had out, if ARG are cancelling their shares.
Posted at 04/5/2023 11:31 by c2b
So why aren't the ARG announcements telling us that ?
Posted at 04/5/2023 09:40 by tuna hunter
from another board : if you guys do the calcs, JH Assoc. have paid quite a hefty sum... certainly way more than the current market cap of ARG. ARG shareholders are getting a slice of JH Assoc super cheap. The company makes $40m+ profit / annum. Last time they sold shares in the company to another outfit, the price was c£1.60 per share. This deal values the ARG shares at 4p.
Posted at 29/2/2020 21:25 by flyinghorse1
The ARG share price mimics any Sealion activity
Argos Resources share price data is direct from the London Stock Exchange

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