Abcourt Mines Inc. V.ABI

Rick Rule discuss Abcourt

[petersburggray]

Starting at about1min50 sec into this podcast Rick Rule describe Abcourt to a tee. Value trap. Lifestyle company. MGMT more interested in salary and emoluments than continuing asset. Company run by a has been who had success in their youth, someone who bought good assets but is uninterested in moving assets on. https://youtu.be/nJ2umglai24

[JTDOUBLE]

This is pretty much dead money here and will continue to deteriorate irregarless of its assets unless  some major shake up in the management ..and transparency with regards to its reporting on NSR..Im one of those people here who just hanging on the string now , trying to find a reason to hold yet instinct keep saying just fold the tent..

[fbedard29]

Hi Petersburggray . I have listened to Rick Rule (40min) and i concluded that you stopped listening once you got to the 3 min mark. Yes Rick described a value trap as lifestyle co mgm interested in salary and uninterested in moving assets on.   There was never a mention of Abcourt as an example. Mgm more interested in salary is an interpretation from your part. Has been is also

[petersburggray]

Having someone like you Fernand, that will defend the indefensable, is what keep this ABI blog interesting to read. Ricks moose pasture example don't apply to Abcourt because ABI portfolio of mining properties clearly have lots of gold, silver copper and zinc and is not moose pasture in any sense. ABI stagnant share price is at level that is a fraction of value shareholders of ABI would get if