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"Friendly aquisition" of Prodigy Gold (Oct. 2012) / > 100k ounces in 2012

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Message: Re: Pay day...
3
Jan 13, 2013 06:24PM

Hi Portee,

Where did the Prodigy cash stash go when sold? It went to the treasury of Argonaut. The deal included ALL prodigy assets from a past inquiry of mine. Possibly even future news to come on former KXL asset(s) as well.

Page 19 on the Nov 2012 presentation shows the combined cash position post combination AR/PDG.

http://argonautgold.com/admin/wp-content/uploads/2011/10/November-2012-presentation.pdf

In millions: Argonaut $42 Prodigy $50 Combined $92

Add the warrant just exercised $115

Q4 2012 now in the books $$

Q4/Annual 2011 was released in march 2012. Q4/Annual 12 should be within same time frame this year. When financials are released I’d expect a cash position exceeding $200 million and confirmation of receiving the Prodigy cash.

Lots of cash on hand for future development and exploration in 2013 and onwards.

Hope this helps,

Jwits

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