2012-bullboard-2021Couldn't sleep so i sat infront of screen and had the idea to read sept-dec 2012 bullboard posts.
I realized that i was reading the same post types and concerns that ABI faces today.
Theoldmariner was very positive on ABI properties value but had concerns about management.
Geckomeister was very positive and had great hope in ABI future.
Jameske was also posting.
I had forgotten that i was also posting with faith in ABI.
The share price was 0.085-010c . The Mcap was around $20m and +- 210m shares outstanding and concerns of future dilution.
There was concerns about Mr Hinse delivering on time and his age and compensation.
There were concerns about family board members.
The Elder mine was close to starting production after a few year of delays(if the quotes are correct).and the target was to produce 25k oz per year at 6gr.
Everybody were expecting for 0.20c to 0.50c share price.
Gold price was around $1600us
Aisc target was $800 .
Now today most comments from 2012 are still expressed today.
ABI is trying to get Elder production to 20k oz .
After the aquisition of Sleeping Giant ABI is starting production of a mine(Sleeping Giant).
ABI is still waiting for the right time and funding to restart Abcourt Barvue.
Today Mcap is $26m(only $6 m more than in 2012) and we have a profitable producing mine(Elder) and acquired Sleeping Giant mine and other properties(Discovery,Flordin).
Either i post in 2031 with the same concerns and Mcap again or
today is the day to go all in for those that are not already all in.
Difference today is that we have a mill at SG that can process 2 mines(Elder and SG) mineral at a profit that will provide or make it possible to fund the opening of Abcourt Barvue open pit mine.
Difference today compared to 2012 is that for $6m Mcap extra we have a mill and a mine(SG) ready to add to Elder hope of 2012.
I also noticed that even in 2012 i was posting under the influence of alcool.
Have a good weekend
Fernand