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Abcourt Mines Inc. V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canada-based junior mining company. The Company is engaged in gold producer and exploration company with strategically located properties in northwestern Quebec, Canada. Its projects include The Sleeping Giant Mine, Discovery Properties, Flordin Property, The Elder Mine and The Tagami Property, Abcourt-Barvue Project, Vendome Property, Aldermac Property, Jonpol Property and Other Properties. The Sleeping Giant Mine property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximatively 458 hectares and 69 mining claims. The Discovery project has 166 claims with a total area of 4,166 hectares. The property is located about 30 km to the north-west of Lebel-sur-Quevillon, Quebec. The Flordin property is located approximately 25 km to the north of Lebel-sur-Quevillon, Quebec. It consists of 25 cells covering 976 hectares.


TSXV:ABI - Post by User

Post by JTDOUBLEon Aug 01, 2022 1:26pm
213 Views
Post# 34864218

ABI should concentrate developing its assets..

ABI should concentrate developing its assets..
I could not see any positive in this merger except more shares issued ..

Abi needed to sell non-core assets to finance its own undeveloped assets.

Financing is the key here since the cash burn quite significant, adding more undeveloped assets does not really add to financial positions of ABI..

Like i said before ABI great assets , acquiring PRO does not add to our revenues streams but just added some undeveloped assets in porfolio..

Time will tell here , glad i move a lot of abi on GXE that pays 1 cents dividends a month with almost 10% annual dividend..Now getting 1200 dividend per month..I still have few left here gambling a bit yet if merger happens i will fold my tent here irregardless of the assets potentials ..


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