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Athabasca Minerals Inc V.AMI

Alternate Symbol(s):  ABCAF

Athabasca Minerals Inc. is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Its AMI Silica division has resource holdings and business interests in Alberta, North-East BC, and the United States. Its AMI Aggregates division produces and sells aggregates from its corporate pits and manages the Coffey Lake Public Pit on behalf of the Government of Alberta. The Company’s Metis North Sand & Gravel division has a strategic partnership with the McKay Metis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region. Its AMI RockChain division is a midstream, technology-enabled business using its RockChain digital platform, automated supply chain and logistics solutions, and safety programs to deliver products across Canada. Its TerraShift Engineering division conducts resource exploration, regulatory, and mining, and is also the developer of the TerraMaps software.


TSXV:AMI - Post by User

Comment by bigopson Sep 27, 2022 5:26pm
379 Views
Post# 34990583

RE:RE:RE:EF out, lost again

RE:RE:RE:EF out, lost again LOL - you two should become fishing buddies...you could entertain each other with stories of the ones that got away from now to eternity....

Not sure if you are aware that there is a new mgmt team in place -- agree with you, the last CEO and CFO were terrible and were not shareholder friendly. This team on the other hand is already demonstrating a different tone.

Did you skip the reference to "non dilutive financing"....

Did you skip the referent to AMI also receiving USD$600k -- ostensibly to redeploy to other opportunities.

Did you forget that JMAC has millions in this company and being repaid $600k is hardly removing risk. In fact -- it creates risk for JMAC since the debt holders are really at the top of the capital stack and can enforce in a punitive way...he is lessening his grip in terms of control and therefor his main position as an equity holder becomes more risky. If he was cashing out of his equity then you could say he would be reducing risk.

Anyways - nothing that I write will matter to you because you are simply pissed off...and that clouds your thinking. My only recommendation for you -- is to sell (if you own any stock) and move on....quite frankly, it baffles me that you have not sold long ago given your clearly negative position on each piece of positive news....
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