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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 PILGRIMon Mar 25, 2024 2:00pm
91 Views
Post# 35951209

RE:This company has defeated us all ...

RE:This company has defeated us all ...I may understand your bitterness Blueback.
After having supported ABI and OMH so long you are deceived with the so low share price.
This is fully understandable.

But look at some realities that have come to light recently.
1) The price of Gold is very high. Almost 3000 CAD per ounce currently.
2) The SG plant is in operation and ore is processed every day.
3) Gold will soon be poured. We will probably have to wait a few more months for the ounces produced to enable Abcourt to move into positive cash flow, but things are well underway.
4) Certainly, as we have all understood, for lack of being able to borrow at a reasonable price Abcourt prefers to finance itself today by issuing equity and we are all diluted. But would you prefer that management give up and sell off the family jewels?
I don't think so, because then we would lose everything.
So take advantage of the subscription that is offered to you and understand that if insiders always invest it is not to dilute small holders but to fuel future success, maintain your share by subscribing like Fernand, me and many others we do
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