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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

Comment by jameskeon Jan 05, 2024 6:41pm
135 Views
Post# 35813327

RE:Thanks to all posters.

RE:Thanks to all posters.I think the new management has done a pretty damn good job when it comes to how Abcourt is run. Promotion is on another planet compared to the past. The vision for the company and how it will progress is much improved. They should be buying shares on the open market - ban options for the management staff until they own a minimum number of shares -say 5 to 10 million shares, then they can engage in options and speculation. And given the market does not necessarily reward improvement in how small companies are run by improvement or even reasonable share valuations, include the concept of the dividend in their thinking for profit sharing with the shareholder. The potential for getting shareholders to keep their shares is higher, the valuation could improve as fewer will be available on the market, and investors looking for regular income will be more interested. Also a company does not need to last forever. It needs to fulfill its obligations to the shareholders until its assets are spent. Finally, do something about Barvue. Spin in out, give even 75% of it away to a company that will provide start up capital. Better 25% of a running Barvue than 100% of something that does not even register any value. Tap up the Chinese. Maybe they would be interested.
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