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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant 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 approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.


TSXV:ABI - Post by User

Bullboard Posts
Comment by Tomkinson Feb 22, 2011 10:21am
266 Views
Post# 18172795

RE: RE: Stock price

RE: RE: Stock priceYou have to remember that before that it was higher in price. It dropped to the price level of the announced price the shares were to be issued and below. As with the shares everyone was going to receive options. So between the purchase price and the option it averages out to be 0.16 per share. They can turn around in a years time and sell them at 24 cents and make 50%. That is if they take the option and if they didn't their return would be 100% return. As long as ABI intentions are to just drill and slowly build the reserves then in awhile they are going to have to issue more and if the price is around .20 per share then the price will probably be set for 0.12 per share again. So over the longterm there is no gain only if we sell at this level and buy back in when they need refinancing. Also take into account at those prices the company may end up diluting faster than they can increase reserves.
That is how I see it, I may be wrong.
Bullboard Posts