RE: How is the relationship between us and our maj Remember this regarding the recent AME website news shared, it states their friendly intentions to shareholders and I believe them, as an investor, and the bottom paragraph states what it is, that we are " currently " awaiting the results on .
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News Releases
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April 02, 2012
Abacus initiates strategic review to maximize shareholder value
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Vancouver, British Columbia -- April 2, 2012. Abacus Mining & Exploration Corporation (TSXV: AME "Abacus" or the "Company") announces that it has initiated a process to explore and evaluate potential strategic alternatives to maximize shareholder value and is in discussions to engage a financial advisor to assist in the process.
As part of the strategic review, the financial advisor will undertake an independent evaluation of the Ajax project and the value attributable to Abacus. The process will encompass a thorough analysis and evaluation of the prospects and options available to the Company. Abacus will consider all options, which may include a joint venture, sale, merger, strategic investment or other alternatives identified by the Company or the financial advisor that will serve to maximize shareholder value.
Tom McKeever, Chairman of Abacus explained "The decision to initiate an external process at this time coincides with the completion of a robust feasibility study in December 2011 on the Ajax copper-gold project, being developed with joint venture partner KGHM Polska Miedz S.A. ("KGHM"). While KGHM's initial investment of $37 million was essential to bring the Ajax project to the feasibility stage, Abacus has invested a significant amount on exploration and development since acquiring the Ajax copper-gold camp in 2002 from Teck. We now intend to fully maximize our 20% interest in the camp for our shareholders as soon as practicable."
There can be no assurances that the Company will pursue or complete a business combination or sale. The Board of Directors will review all possible strategic alternatives and weigh the relative benefits of such alternatives to shareholders. The Company does not intend to disclose developments with respect to the progress of its strategic alternatives review process until such time as the Board of Directors approves or completes a transaction or otherwise determines that further disclosure is appropriate or required.
On Behalf of the Board,
ABACUS MINING AND EXPLORATION CORPORATION
James D. Excell
President & CEO
jexcell@amemining.com
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On another note involving the recent Kamloops news, IMO, that 3D rendering can easily be re-done to the specs. that the mayor of Kamloops is concerned about, and I'll bet it happens . We'll see ?
" GoldBuyer "
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