Abcourt Mines Inc. V.ABI

RE:Insider transactions July6

[javaman12]

Expiration of options means that they were not exercised. No option purchase appears to have been recently made at 12.5 cents. Renaud Hinse now has more than enough shares of his own. But like I stated in a recent post, I do appreciate that Normand Hinse considered it more important to send a positive signal by buying his shares on the open market, which he last did at 14.5 cents. And he still got a very good price!

  It's clear that he wants to increase his holdings as any firm believer in this company would.

  I really like Normand's continued presence on the Abcourt board. One poster mentioned that Normand was responsible for the acquiring the Bank loan to help fund the development of Abcourt's Sleeping Giant mine.

  Based upon the most recent press releases, it would appear that the company has only used one million of the many dollars that the bank was prepared to loan. The company may be using the remaining potential loan as a form of credit facility. It may choose to only draw upon the outstanding balance if it becomes much more expedient to do so. We will have to see how the profit picture from the Elder mine continues to unfold as the SG mine continues to develop.

  It is an expensive proposition to start up another mine. There will be no significant revenue stream from the new operation until the ore bodies have been properly accessed. Until the second mine gets up and running, the SG development will negatively impact the AISC of the combined operations. But this will change for the better once both mines become more commercially viable.

  Like I stated before, Kudos to Normand Hinse for his public support as an inside purchaser! I look forward to his productive future as a main director driving the financial success of Abcourt as a public company.  Abcourt Mines has many properties that need to be developed as commercially viable operations. Norman Hinse has the business accumen and the financial contacts to get the job done right!

   Take advantage of any weakness in the share price. Once the profits start arriving in a much bigger way, perhaps in a year or two from now, the present oportunity will then be lost. And with any hint that Norman Hinse may have made a new deal with a bank to start up another new mine, I would expect that the stock would just take off!

   Gold is moving higher. Silver and the base metal market are sure to follow.

   World demand for minerals and metals are on the cusp of a very bright future. Governments have signalled that they are finally listening to public sentiment regarding the negative impact of climate change as induced by man. They now believe that this process needs to be reversed and the sooner the better!

    This will be a very expensive endeavor. Government wants to completely satisfy public demand!

                                        As the Earth is burning, the world is watching!
                                                      
                                                          Who will put this fire out?
                                                         
                                                              How will it be done?
                                                
                                                  Who will be made to pay the cost?

       It won't be the miners. Their production will be in huge demand! The public will have to pay!

                                 And the value of the money paid to the miners will be grand!

                                                              All the best! Java

[kennvt]

Thank you Javaman for your cogent response. I am hoping that SG mine is on the upswing and that much of the heavy overhead items, to open it, are behind us and realizing, of course, that it will still take time to put it in to full operation.  Looking forward to the ride!  Ken

[Geckomeister]

Java,      What effusive praise that you have given Normand Hinse for simply buying shares on the open market. That was quite a strange post. You have puffed him up to the point that it looks utterly ridiculous. Besides bizarrely thanking him for buying shares as an "inside purchaser", you have also positioned him as "a main director driving the financial success of

[kennvt]

I've been in the construction industry for many years and two companies that are both USA top 100 's that I am very familiar with have different boards. One is populated with five people with deep construction backgrounds. The other is populated with an insurance exec, a banking exec., one that I do not know and one that has financial and management background, besides the company CEO who

[JTDOUBLE]

Hinse is over 90 years old .. cmon ..  How much energy or gas left in the tank ..  Time to let someone run with the torch ..  Tge warrants was price at 13 he did not convert if he think it go to 20 cents he will ..  Market have already convey its message .. 

[rpm111]

This post has been removed in accordance with Community Policy

[Geckomeister]

Hi Ken, You wrote on August 6, 2020: "I am sssoooo happy that the company is run by a miner rather than a highly educated business major."  I couldn't agree more. Abcourt needs to be run by a miner, not the son of a miner who has no mining experience. Not by a veterinarian. Not by someone who used to be in the funeral business. These people shouldn't even be on the BOD

[kennvt]

I do agree with what you are saying. Having too many family and friends on the board becomes an echo chamber for the person in control. But, I do like diversity of knowledge on the BOD and was excited to have Mr. Branchaud join the board recently because he has a law backround with mining companies.  Abcourt has the potential for some major growth in the not too distant future and they need

[JTDOUBLE]

Bottom line the market does not like current  managements.. Irregardless wether abi report a good quarters the need to bring confidence in market is by bringing the right management.. Yes 2 months,  It takes took for them to fix the motor .. says it all .. there no contingency to mitigate any forward risk that coukd happens .. Abi assets are undervalued.. not an issues at this point

[rpm111]

This post has been removed in accordance with Community Policy

[JTDOUBLE]

The board of directors should be independent this is how proper governance done in most companies .. Abi needed this independence in the board to protect our  interest minority shareholders.. Right now seems it is run like a private company ..