Post by
javaman12 on Feb 19, 2022 9:27pm
RE:Abcourt AISC
Fbedard:
JTDouble is right that this AISC is unsustainable. But so are you!
Money had to be spent to upgrade the mining infrastructure. We must hope for the best.
At least for now, we have a higher gold price.
The covid crisis appears to have reached its apex and it impact is presently on the decline.
And our company needs to be completely candid with all pertinent facts that investors need to base their future investment decisions upon. (Our shares do seem stuck in this lower trading zone).
Is the search for a new CEO still open to new candidates? Is Mr. Renaud Hinse still healthy enough to carry on, if this critical decision, needs to be further delayed?
Has the company nearly accessed the new unexploited SG ore bodies?
If not, how long do they expect that it will take? Can they not provide some timeline estimate?
This is critical information that Abcourt shareholders need to know.
One million in cash may have already been spent.
Does the company still have access to the multi-million dollar bank loan and why haven't they borrowed any more?
The fact that there has been no announcement about a further loan suggests to me that the company remains in a cash positive position for the time being.
If they needed the cash, you would think that they would have taken out a second tranche of the $5 million bank loan to help keep the SG mine development moving steadily forward.
On a note of transparency, at least the company did say the results were only fair.
That is valid statement to make. The results were far from excellent.
It's best to never exaggerate or hide the truth!
Even if, it may be about to change.
All the best! Java
Comment by
tannin on Feb 22, 2022 2:10am
Doesn't matter. Two permitted gold mines, one mill, operating. SG, coming on now, good grade ore, and our silver zinc. Just getting started is my take.