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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 TristinIVon Mar 04, 2012 11:03pm
387 Views
Post# 19625426

RE: Investment Thesis.... Abcourt

RE: Investment Thesis.... Abcourt

I believe it is because investors have lost their faith in the management of this company.  Broken promises, the dilution of shares, etc.    There are anothe 100,000,000 shares out there in another class too, so there are 250,000,000 some shares out there, which water downs the share price as well.  Plus Hinse just pays himself this huge salary for doing nothign over the past few years, which is why faith has been lost. 

Hopefully  that is all in the past now and ABI breaks the $1.00 mark by years end.

not holding my breath though

Bullboard Posts