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Argan, Inc. (AGX)

NYSE - Nasdaq Real Time Price. Currency in USD
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44.66+0.36 (+0.81%)
At close: 4:00PM EDT
44.66 +0.09 (+0.20%)
After hours: 04:01PM EDT
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  • S
    StockHawk
    $AGX.V conversation
    SilverX ( $AGX.V WRPSF ) is a metals production, development, and exploration company with silver assets in Peru.

    Some reasons why I am feeling very bullish about $AGX:
    - There is continued expansion, development and drilling at their Tagana project and operational continuity at their San Antonio project.
    - They have begun updating the Environmental and Social Impact Assessment for their Nueva Recuperada Project to expand operations to a permitted capacity of 2,500 tpd.
    - They have a huge focus on building trust with the local government and people and a commitment to curbing their environmental impact

    $AGX was stable today but over 13% up yesterday, so it is no trading at $0.335, MC $38.78M

    If you are interested in getting into promising mineral companies early I would HIGHLY recommend looking into this company: https://www.silverx-mining.com/investor
    Silver X Investors: Invest in an agile silver developer. Key points that differentiate us from other silver mining districts.
    Silver X Investors: Invest in an agile silver developer. Key points that differentiate us from other silver mining districts.
    www.silverx-mining.com
  • S
    StockHawk
    $AGX.V conversation
    In this video CEO Jose Garcia introduces $AGX 's main asset, Nueva Recuperada, a silver, lead and zinc project in Huancavelica, Peru.

    Garcia highlights:
    - the silver and polymetallic veins, and high sulfidation gold deposits at the project
    - how $AGX sets itself apart from other jr. mining companies by being both explorers AND producers
    - how production is expected to increase dramatically in the coming years

    https://www.youtube.com/watch?v=mNemiA-u8wM
    Introducing Silver X
    www.youtube.com
  • H
    Henry
    $AGX.V conversation
    This news bodes seriously well if successful. $AGX commencing ESIA to quadruple processing plant capacity up to 2.5k tpd. If successful, is a winning path to reach Nueva Recuperada targets for 5Moz Ag annual production by '24. Don't forget that the results from Tagana at the end of summer drove a significant run into September. This is the kind of news that could shoot value, solidifying Tagana's prospects becoming a high-grade, multi-vein mine. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2860-tsx-venture/agx/107926-silver-x-commences-environmental-and-social-impact-assessment-update-at-nueva-recuperada-to-expand-operations-and-quadruple-processing-plant-capacity-to-2-500-tpd.html
  • S
    StockHawk
    $AGX.V conversation
    Last week SILVER X MINING CORP. ( $AGX.V $WRPSF) announced that they began updating the Environmental and Social Impact Assessment for their Nueva Recuperada Project to expand operations.

    This Environmental and Social Impact Assessment is key to strengthening and maintaining the company's license to operate

    Currently Nueva Recuperada operates a medium size mining regime (350 tpd to 5,000 tpd). However, $AGX is seeking to expand its permitted capacity to 2,500 tpd.

    Updating the Environmental and Social Impact Assessment will allow for Nueva Recuperada processing plant capacity to increase to 2,500.

    More info here:
    https://www.accesswire.com/667016/Silver-X-Commences-Environmental-and-Social-Impact-Assessment-Update-at-Nueva-Recuperada-to-Expand-Operations-and-Quadruple-Processing-Plant-Capacity-to-2500-tpd
    - Updated ESIA will allow for increasing Nueva Recuperada processing plant capacity to 2,500 tpd and a new 8,000,000 m3 tailings storage facility - ESIA is a key component of maintaining and strengthening the company's social license to operate VANCO
    - Updated ESIA will allow for increasing Nueva Recuperada processing plant capacity to 2,500 tpd and a new 8,000,000 m3 tailings storage facility - ESIA is a key component of maintaining and strengthening the company's social license to operate VANCO
    www.accesswire.com
  • p
    partystocker
    $AGX.V conversation
    $AGX up 13% td at $.345 !!!

    I think my fav thing about Silver x Mining corp is their commitment to sustainable development.

    A lot of mining companies put that way on the back burner and can end up working in a way that damages the environment pretty significantly and irreversibly.

    But $AGX.V tries to change this by working with local suppliers and businesses and by encouraging and leading economic mining activities.

    The Executive Chairman of $AGX says shareholders, stakeholders and people living in the community they’re working in all benefit from their sustainable practices, which i think is so considerate and such a dope way to operate.

    https://www.youtube.com/watch?v=zT2-rZhulC4 1:10 mark, Executive Chairman talks about what sustainability means to him!

    Market cap $39.93 mil!
    Silver X is defining the next era of silver mining with sustainable methods
    www.youtube.com
  • E
    Eric
    As of July 31, 2021, cash, cash equivalents and short-term investments totaled $491 million.
    Why they don't do something with this money!?

    MC 708M - EV 220M.
    Free cashflow per year at about :100M
    Yield free cashflow / EV = 45%!

    When they don't do something with this money better to repurchase shares?
  • J
    Joseph
    Like past quarterly reports, Bossellman's commentary is sparse. It's what is not said that bugs me. No mention about the $3 billion in backlog. Is most of this backlog never going to see the light of day? This is a big deal and would represent a big reversal in the prospects of the company. I don't think solar projects will generate comparable revs. Any thought?
  • W
    Waves
    $AGX.V conversation
    Silver X Mining Corp ($AGX $AGX.v $WRPSF) is a silver mining company with assets in Peru and Ecuador and they are working to encourage sustainable development by leading economic mining activities.

    $AGX is differentiated from other companies by:
    1. $3.2B shareholder value with team based in Peru
    2. Early stage silver producer with significant growth potential through expansion of operations
    3. $12M to fund development and exploration plans
    4. Offer diverse commodity exposure to silver, gold, lead and zinc opportunities
    5. Promote working relationships with local suppliers and businesses
    6. Bring business to their mining districts to enable autonomous growth in other economic areas

    Checkout their recent webinar to learn more:
    https://www.youtube.com/watch?v=-qSbMUNq4S8&ab_channel=RedCloudFinancialServicesInc.
    Silver X Mining | Webinar Replay
    www.youtube.com
  • T
    Tory
    $AGX.V conversation
    Anyone checking out this webinar tomorrow ? Im hoping to learn a bit more about $AGX.v / $WRPSF from Peter Krauth of the silver stock investor

    https://web.cvent.com/event/85a53d75-1696-4647-8211-0b645b91ab9b/summary

    $AGX.v / $WRPSF has been a go to silver play of mine, and its been really cool seeing them brand out into the gold sect as well recently, Silver X aka $AGX.v / $WRPSF is one of the cheapest silver stocks with tonnes of potential so check em out and sign up for the webinar tmr if u want !
  • H
    Henry
    $AGX.V conversation
    Peruvian foreign investment is alive and well! Peruvian president Pedro Castillo, "The mining sector with no plans for nationalization or expropriation." Awesome news for my favorite Silver play $AGX who are considered one of Peru's most significant Silver producers!

    https://www.globenewswire.com/news-release/2021/09/22/2301184/0/en/American-Lithium-CEO-Meets-In-Person-with-the-President-of-Peru.html
  • L
    Luke
    $AGX.V conversation
    $AGX recently announced it has intersected significant intervals of high-grade silver-polymetallic mineralization at the Tangana Mining Unit.

    Assay results received from 2 of the first 4 drill holes of the previously announced 25,000 metre drill programs, confirmed the presence of easily accessible, contiguous, high-grade, silver-polymetallic mineralization at Tangana 1.

    Several drill holes targeted vein extensions below past producing underground stopes at Tangana 1 and results show the continuity of the open-ended silver-polymetallic mineralized structure.

    Drilling will continue to expand the extent of known open-ended mineralization at the Tangana Mining Unit.
    Solid results so far, excited to see the rest as silver and gold begin to bounce back.

    https://www.accesswire.com/660612/Silver-X-Intersects-92813-GT-AgEq-Over-138-Metres-and-63171-GT-AgEq-Over-092-Metres-in-Resource-Expansion-Initial-Drilling-at-Tangana-1
    **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** - Four holes have recently been completed for 1,091 metres in the ongoing resource expansion drill campaign at Tangana - Final assay results have b
    **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** - Four holes have recently been completed for 1,091 metres in the ongoing resource expansion drill campaign at Tangana - Final assay results have b
    www.accesswire.com
  • j
    jerome
    $AGX.V conversation
    $AGX released some new drill results yesterday, and they're looking pretty solid.

    - 4 holes have been completed at Tangana 1. Some highlights are extremely impressive
    - 928.13g/t AgEq over 1.38 metre interval
    - 631.71g/t AgEq over 0.92 metre interval
    - The first 1,091m in the 25,000 program has been completed. Only 3 of the 4 drill results have received a final assay.
    - 9,700 metres are aimed at expanding knowledge on and upgrading the quality of the Tangana inferred resource.

    Pretty good numbers at the beginning of the campaign. As they drill more, I expect some more great results to come.
  • L
    Luke
    $AGX.V conversation
    Been following $AGX , my favourite cheap silver pick, for a little while now and have continued to be impressed with their progress in Peru.

    They just recently discovered another 5 potentially economically mineralized veins at the Tangana Mining Unit. Meaning, in total, the targeted veins identified within the Tangana vein field cover more than 11 kilometres in combined length.

    I found this article that breaks down $AGX and their unique position in Peru, touches on

    - Near-term production and resource definition drilling at Nueva Recuperada
    - Merger with ORO X
    - Leadership team
    - Etc.

    Lots to love from these guys, IMO not one to miss.

    https://financialpost.com/business-trends/meet-perus-next-significant-silver-producer-silver-x-mining
  • L
    Luke
    $AGX.V conversation
    Found this great interview with the CEO of $AGX Jose Garcia.

    Touches on

    - Quick breakdown of $AGX
    - Merger with Latitude Silver
    - Nueva Recuperada silver district
    - Both projects in the district
    - Etc.

    Great to hear from the CEO about some recent news, continue to be impressed with their moves in Peru.

    https://www.youtube.com/watch?v=QuAbm_dYIaY
    Silver X Mining to 'very quickly' expand its resource at at its Nueva Recuperada project in Peru
    www.youtube.com
  • J
    Joseph
    As a value investor, I've found that sometimes it takes longer than you want for a thesis to play out. However, I've noticed that around the time I begin to doubt my conviction or get fatigued by the delay, the inflection point happens. The point is, I'm buying heavily now at these levels.

    Here's something to consider: the low for this stock was $29.91. That occurred in March when the world was ending. Today, AGX has $28 of CASH per share. So you would have been pay a buck for all future income streams. So, I feel comfortable penciling in $30 as the max draw down on the stock.

    If you back out the cash, you're now paying about $18/share for the business. I think the business will easily book between $2.00 - $3.00/share of Net Income for the next few years....even if they do not grow the backlog. Hopefully, we'll get some positive news regarding new projects. In the meantime, we'll be paid to wait.

    I'm allocating cash to average down into another 6,000 shares starting today.
  • J
    Joseph
    I like to invest in cash heavy, simple balance sheets. This strategy hasn't been optimal lately, but I'll stick to it.

    When I think about the operations of Argan, I put it into a category I call "ESG adapters." Loosely stated, these are companies who are having to shift their strategy or product mix to meet the market/policy demands around ESG. In Agran's case, they are a best-in-class EPC firm who will have to shift into green construction projects, while continuing to operate their traditional gas-fired business. I firmly believe they can do this.

    There are other companies I hold that are working through the same issue:

    Calm-Maine (CALM): shifting from caged egg production to cage-free,
    Altria (MO): shifting customers from smoking to non-combustibles,
    Exxon (XOM): building renewables alongside hydrocarbons

    The key is to pivot while continuing to dominate your traditional market. This is tricky and requires patience.
  • F
    Frank
    AGX beats on revenue ($116.459mm v $101.600mm) and EPS ($2.07 v $0.34). Cash is still strong and report says that they are expecting to start work on another $1.5 bln in projects in 2019. TTM EPS gives it a 10 P/E. TTM EPS x-cash gives it a 5 P/E. Expecting growth and higher prices!
  • J
    Joseph
    The Chickahominy project got approval to proceed from the Virginia DEQ. Final document in link.
    I'm not familiar with the process, but isn't this the main hurdle to overcome? Can we pencil in another ~$500 MM in backlog at this point. Or is this project still at major risk?

    https://www.deq.virginia.gov/Portals/0/DEQ/Air/Chickahominy_Power_Plant/Documents/52610_Chickahominy_Power_Station_final_issued_permit.pdf
  • J
    Joseph
    I'm back amigos....30 day period no the sidelines is complete.
    How're we feeling about AGX these days? We've made it back to pre-covid levels on the stock. YOY revenues ought to be impressive this quarter.
    Unless there's been serious impairment to the backlog, I'm still bullish.
    Side note: Saw a ton of volume earlier in the week. Can AGX repurchase it's shares leading into the earnings week?
  • M
    Matt
    Does anyone here see any threat to this stock from Coronavirus? Apart from the risk of short term construction delays, which I think are unlikely, I don’t see a scenario where the current project backlog and financial performance are affected by the same forces that are driving the market selloff. And I certainly don’t think it affects their ability to pick up new contracts longer term. Thoughts?