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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 Nov 19, 2012 12:27pm
295 Views
Post# 20617895

RE: be nice - focus on ABI and the markets.

RE: be nice - focus on ABI and the markets.

I think some of the anxiety comes from what has been released from Mr. Hinse in the past and what seems to be a continuation.

If you go back about five years ago, you will find that Mr. Hinse had stated that the de-watering of the mine would commence soon. Then when Mr. Hinse may have realized that he was in a similar situation as the little boy who cried wolf too many times, stopped mentioning that in the press releases.

There was always some little illusion that this mine would have been operational before now. At the beginning of the year many believed from the news releases, that we were having the PEA done by the end of August. The ore would be brought to the surface to prepare for milling in the New Year. From what I read now, I am not convinced that this is what is happening now. The latest is within 12 months, for the start up of the mine.

I think many people are not giving Mr. Hinse any credit for what he says any more. I personally do not blame them for this. They invest in this mine for a much longer time from what they believed would be necessary only to see the share price drop. After all share dilution does that, so why park your money in something and watch it get devalued time and time again. So I would guess, that this price doomed to this level until Mr. Hinse starts to walk the talk and not before hand. He has so far talked a lot miles, but he still hasn't gotten out of bed.

 

 

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