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Athabasca Minerals Inc ABCAF


Primary Symbol: V.AMI

Athabasca Minerals Inc. is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Its AMI Silica division has resource holdings and business interests in Alberta, North-East BC, and the United States. Its AMI Aggregates division produces and sells aggregates from its corporate pits and manages the Coffey Lake Public Pit on behalf of the Government of Alberta. The Company’s Metis North Sand & Gravel division has a strategic partnership with the McKay Metis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region. Its AMI RockChain division is a midstream, technology-enabled business using its RockChain digital platform, automated supply chain and logistics solutions, and safety programs to deliver products across Canada. Its TerraShift Engineering division conducts resource exploration, regulatory, and mining, and is also the developer of the TerraMaps software.


TSXV:AMI - Post by User

Bullboard Posts
Comment by moricon Dec 03, 2012 11:49am
235 Views
Post# 20675435

RE: Anyone else concerned about price drop?

RE: Anyone else concerned about price drop?

Any frac sands developement is going to require some capital raise if the company cant JV. As long as a capital raise is out on the menu, this company should float down. Likewise the big run you saw earlier this year was provide to you by management buy back. I am assuming the buy back is done now. 

 

P.s. who does a shareholder buy back when you need to raise capital? Wouldn't it be better to keep that capital in firm?

Bullboard Posts